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We are watching the initial dog & pony show where Trump parks nuclear-capable jets on both sides of the red carpet and then has a B-52 flyover. Meanwhile, Vladimir Putin has prepared to test a new missile in a move aimed also to show force, which is expected from both sides. This is just for

The US Treasury Department is extremely desperate for any morsel it can find to put toward the $36.7 trillion national debt. Is Donald Trump asking Americans to Venmo or PayPal the US government cash to pay down the national debt? Not quite, as the Treasury has a long-standing program called “Gifts to Reduce the Public

Entering the forest has become illegal in three Canadian provinces—Newfoundland, Nova Scotia, and New Brunswick. Entering woodlands can result in massive fines or even jail time. Why? The Canadian government believes it must ban the public from accessing nature to prevent forest fires. Nova Scotia just handed me a fine for $28,872.50 for walking into

(Image explained in previous post — grocery inflation spiked years ago and has not relented) An AP-NORC poll questioned Americans about their main cause of financial stress. Over half (53%) of respondents cited rising food prices as their main stressor, with 19% admitting to deferring payments to afford groceries. The cost of housing was a

The Federal Reserve Bank of New York released a troubling quarterly statement as the total household debt in the US increased by $185 billion in the past three months, up 1% from last quarter, when total household debt reached $18.9 trillion. Total household debt in the US now sits at $18.39 trillion. Housing debt increased

Countless men and women are dead. Cities have been destroyed. Other nations want to “help” by sending weapons, but Ukrainians are eager to end the war. A Gallup poll from July 1-14 found that only 24% of Ukrainians would fight until victory. Back in 2022, 73% of people favored fighting until victory, but now the

President Donald Trump has threatened Federal Reserve Chairman Jerome Powell with a “major lawsuit.” Could the sitting president sue the head of the central bank that acts independently of the Fed? It depends on the context as there are two issues—interest rates and the Federal Reserve headquarters operation. The Federal Open Market Committee, the voting

ASIA: The major Asian stock markets had mixed day today: • NIKKEI 225 increased 556.50 points or 1.30% to 43,274.67 • Shanghai increased 17.547 points or 0.48% to 3,683.465 • Hang Seng increased 643.99 points or 2.58% to 25,613.67 • ASX 200 decreased 53.70 points or -0.60% to 8,827.10 • SENSEX increased 304.32 points or