Independent thinking for complex markets and current events
I think this is where a lot of people get the economy wrong. They’re judging today’s Federal Reserve with a 1990s playbook. Back then the Fed was mostly known for one thing. Raise rates when inflation got too hot. Cut rates when the economy slowed. That was pretty much the conversation. Look at today’s Fed. …
The slaves in Texas weren’t the last freed. Slavery didn’t end until December 6, 1865. We’re celebrating the wrong date. Originally published on June 19, 2021 — the first official Juneteenth federal holiday — Peter Schiff examines the historical record behind the date and argues that June 19th was never the day slavery ended in …
The American Dream is cracking under the cost of living, and the people in this video are done pretending everything is fine. You’ll hear from gig workers making $34 in eight hours, renters paying $900 for a studio with no bedroom door, parents spending thousands on childcare, and young people who can’t picture working a …
Really good video about how the oil and plastic industry duped us into thinking that recycling plastic works and is viable. h/t ChasesTail
The United States Department of Justice has reportedly opened a criminal investigation into E. Jean Carroll over possible perjury tied to her civil lawsuits against Donald Trump. Prosecutors are looking into whether Carroll falsely stated during a 2022 deposition that no outside funding was covering her legal expenses. The investigation reportedly focuses on later financial …