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If you think it odd that the Fed has cut rates by 100bps over the last three months, yet 10-year Treasury rates are rising, you would be correct. The Fed has cut rates seven times since 1989, including the recent…

Inflation, as measured by the Christmas Price Index and based on purchasing each day’s items once in “The Twelve Days of Christmas,” jumped 5.4%, double last year’s 2.7%, and are a tree-topping $49,263. Birds, including partridges, doves, hens, calling birds,…

The first night of Chanukah always falls on the 24th of Kislev. But the Jewish calendar is a lunar calendar with leap months, so to keep months and seasons aligned over the last 50-years Chanukah has started as early as…

The Friday File: In 2023, Christmas tree prices spiked and peaked on Thanksgiving at $131. They then steadily declined and were down to $100 on 12/10, $80 by 12/18, $60 by 12/23 and $55 on Christmas Day. This means the…

Americans need income of almost $800,000/year to be in the top 1%, but the amount varies dramatically by state. At the high end, DC leads the way with a necessary income of $1.22 million/year, followed closely by Connecticut at $1.17…

Markets slumped badly today for two reasons. While the Fed cut rates 25bps as expected, it plans to cut rates less in 2025, but don’t worry, this Fed will change its mind, it always does. Also, a stop-gap bill to…

Amazon (AMZN) is worth $2.45 trillion, and Blue Origin, albeit not public, is probably worth $40 billion. Conversely, the Washington Post (WPO), unable to hire an Executive Editor for months and hemorrhaging talent and subscribers, is worth $4 billion. If…

While existing inflationary pressures should weaken further, it’s proposed policies that may reawaken it. Higher tariffs will, even if only temporarily, raise prices. Similarly, tax cuts are likely to boost inflation as consumer spending and corporate investment increase, unless there…

Boomers define financial success as a salary of $100,000/year and net worth of $1 million. For Gen X, the numbers are $212,000/year and $5.3 million, while for Millennials they are $181,000/year and $5.6 million. However, for Gen Z, income is…

While wage growth declined from 5.9%/year during 5/22 to 3.6%/year in 7/24, it’s since risen to 4%/year. While growth this high isn’t generally conducive to 2% inflation, a doubling of productivity growth to 2% makes it possible. The rise is…