Will Bitcoin Replace the American Monetary System?

Apparently, bitcoin and other cryptocurrencies are, in fact, an asset class – HOWEVER, they do not represent currencies in any sense of the word.  So the thought that bitcoin will replace the American dollar, or the national currency of any nation is fictional. Or is it?… Transactions in the U.S. by paper currency (cash) only […]

Will November Mid-Terms Mark a Turning Point in World Currencies?

Asian and European markets are currently experiencing a downtrend, while in July, the Dow Jones Industrial Index broke out above the downtrend line. The Economic Confidence Model (ECM) is a global business cycle that never peaks and bottoms together.  What might this mean for the United States in 2019 and 2020? To find out more, […]

Consumer Confidence in America Continues to Ride High!

The consumer confidence index rose 4 tenths of a percentage point in July (to 127.4), indicating confidence was stronger than predicted in June. According to Lynn Franco (the Director of Economic Indicators at The Conference Board), “Consumers’ assessment of present-day conditions improved, suggesting that economic growth is still strong”. To find out if this is […]

Trump’s Bailout of Farmers…  Soviet Style Economics?

Recently, the U.S. government proposed to spend upwards of $12 billion to help farmers that have been negatively impacted by the President’s trade war with China and other trading partners.  The aid package does not require congressional approval, and will likely go into effect by the end of the month. GOP Senator Ron Johnson (WI) […]

How Will China handle its First Debt Bankruptcy of a Major Corporation?

As many predicted, the first debt bankruptcy of a major corporation in China has recently taken place.  The bankruptcy at Wintime Energy was caused by over-indebtedness which occurred over the past 12 months, and culminated with the company’s failure to repay a bond to the central government bank (of about US$10.8 billion). To find out […]

Destroying Families with Universal Basic Income?

Stockton, one of California’s previously “bankrupt” cities, will become the first in the nation to test drive a program called Universal Basic Income.  The program, thought up and pushed by Silicon Valley executives like Elon Musk, Richard Branson and Mark Zuckerberg, will provide 100 residents $500/month for 18 months with absolutely no strings attached.  These […]

Bernie Sanders Drops Another “Content-Free” Data Bomb…

In a recent article written for The Guardian, Bernie Sanders offers anecdote after tear wrenching anecdote about how poorly employees of Disneyland are treated.  Unfortunately, he misses the more significant issues experienced on a daily basis by American workers across the country, such as income growth or unplanned for expenses. To find out more about […]

Tax Reform Without Congressional Combat?

President Trump has the authority (and political boldness) to do what no president in more than 25 years has done – reform the tax structure surrounding capital gains in America without going through Congress.  A change this huge would serve to bolster the economy and improve GOP chances in the upcoming November elections. To find […]

Will Illinois and the Supreme Court Bankrupt America?

Recently, the Supreme Court ruled that each state can decide how (or if) internet sales taxes should be allowed.  It has been rumored that the state of Illinois is bankrupt, and will soon be “waging war” against internet sales.  Can a policeman from another state make an arrest for internet sales in a state that […]

Will President Trump’s Trade Tariffs be Challenged by the U.S. Chamber of Commerce?

According to a report released today by Chamber President Tom Donohue, Trump is risking a global trade war with his announced tariffs, which will hurt American consumers. To learn more about how the Chamber’s 3 million members might impact international trade tariffs, please click on the following link: Global Trade War?