It is a hard number to fathom: $40 trillion. Our national debt eclipsed $40 trillion this past week. The yield on the 10-year Treasury is now 4.7 percent, and the dollar is weakening. Treasury Secretary Scott Bessent has a solution: The Treasury will just start buying back our debt. In plain English, this means he…
Will AI take over the world? The market ping-pongs from AI being “the greatest boom ever” to “it is already overdone and these enormous investments will never pay off.” So, which is it? Most likely none of the above, but let’s take a deeper look at what happened last quarter…
There once was a dream called America.
Ever since I can remember, I have known that the United States of America is a special place. My earliest memory of the Fourth of July was the biggest Fourth of them all, our nation’s Bicentennial. Here we are 50 years further on.
SpaceX – the largest IPO to ever hit the markets – has everyone talking, and like most things in our society today, it seems to be very divisive. Some say it is a marvel of capitalism and something we should be proud of, while others say it is a monolith for inequality.
Who is right?
“In a moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” That quote is often attributed to Theodore “Teddy” Roosevelt. Like many internet quotes, scholars can find no record of him ever saying it,…
