In his platform for reelection in 2024, President Donald Trump promised to “build the Greatest Economy in History.” But in his first 60 days as president, the stock markets have dropped like a rock: The S&P 500 is down 7%, the Dow Jones has dropped 6%, and the Nasdaq has plummeted 10%. ~Fortune Magazine If you are one … Read more
Boston Celtics sold for $6.1 billion to group led by private equity executive Bill Chisholm, a record for a U.S. sports team. ~CNBC.COM After finishing with a league-worst 3-14 record last season, the Browns have increased the prices of their season ticket packages by an average of about seven percent. ~Crain’s Cleveland Business There’s something quite … Read more
You can’t have everything. Where would you put it? ~Comedian Steven Wright The new economy still plays by the old economy rules. ~Nobel Laureate Economist Paul Romer Wright was half-right, half wrong. Case in point? At the height of post-COVID inflation, every economist west of the Atlantic coastline predicted the Biden administration faced an inevitable … Read more
The Drudge Report called Saturday’s final Des Moines Register poll in Iowa a shocking development. I must disagree. The only thing shocking about this reversal of fortune for Donald Trump is the fact people are shocked. Iowa is ground zero for the perfect storm for Trump’s economic agenda. It can be summed up in four … Read more
Here they go again. Just when you thought the Heritage Foundation “geniuses” at Project 2025 who proposed a two-tier regressive system increasing taxes for lower and middle class Americans while giving the wealthy new and deeper tax cuts, wait until you see their plan to reduce opportunities for early childhood education. Not only do they … Read more