We’re in a bear market now, even if the S&P500 managed to claw above the oft-quoted 20% down definition on Friday. Importantly, the standard 20% off the highs is only the symptom of the bear market that rages. Bear markets emerge to bring reality to false expectations of the future. Low interest rates beget speculation […]

In the aftermath of the draft Dobbs v Jackson case that ends Roe v Wade, Democrats have aggressively seized on the abortion issue, hoping for change in fortunes for their dispirited supporters. Conventional wisdom suggests that the ending of Roe v Wade will help Democrats, as polls have long shown that a complete repeal of […]

One of the things that absolutely amazes me about the Biden Administration is the steadfast refusal to change course when they do the wrong thing–instead they double down! And say all sorts of ridiculous things that harm them politically. It’s as if they have a death wish; not only to be a one-term administration, but […]

The headline is perhaps unfair to Mr. Biden; there is a lot of nuance we could and should consider to last week’s report on the the 1QTR gross domestic product initial release of -1.4%. As the BEA notes in its release: In the first quarter, an increase in COVID-19 cases related to the Omicron variant […]

Politico has published what appears to be a draft Supreme Court opinion for Dobbs v. Jackson Women’s Health, the case poised to overturn Roe v. Wade. The leaked opinion, written by Justice Alito, strikes down Roe (and Casey) and returns abortion to states as a political matter. Tonight’s events are historic for several reasons. First, […]

Of course rich possessors of some of the finest capital would prefer to have someone pay back their loans for their investments, even while reaping the rewards of the tremendous salary differentials gained by participation in extensive college education. At one level, as an economist, I completely understand the rent-seeking behavior of those in debt […]

As a life-long NY Yankees fan, I’ve been blessed to watch some amazing teams and amazing players compete to bring World Series wins back to the Bronx. One of those amazing players, who was a key part of multiple championships, was Mariano Rivera. He was initially called Mr. Sandman, because he was super-smooth in his […]

When I was in my much younger college days, there was an 80s heavy metal band called Twisted Sister, who had a mega-hit “We’re not gonna take it”. The band of my youth is now, like me, old and gray, and you can watch a short clip of the refrain here (or the younger full […]

Donald Trump continues to engage with the political process to shape things in a way supportive of his vision for himself and the Republican party. As much as I’d like to see him in the rear view mirror, he is certainly not giving up. Let’s all agree on this with Mr. Trump–he does have a […]

There is almost unrelenting press in the more conservative media about the influx of illegal immigration across our southern border: Question for you junior Bereans. What is the most important significance of this image (or any of the illegal border crossing images you’ve seen)? I’ll give you a few days and then opine with my […]