Happy Independence Day Weekend! We’ll be up at my brother’s lake place this weekend, so I thought I’d shoot out an early post before the festivities begin. While we’re out enjoying brats on the grill, boats on the water, and fireworks in the sky, our Congress will be wrestling with getting a reconciled budget passed in Washington DC. I’m sure the fact that it is … Continue reading Happy InDEBTpendence Day …
Bernie says it. Biden says it. Our state governor says it all the time: “We need the wealthy to pay their fair share of taxes!” What’s fair? They never say. A great sound bite, with little actual substance. A few years ago, I posted an analysis of what “Seizing The Rich” actually looks like. My goal was to put into context how small the wealth … Continue reading Seize The Rich!? (2024 Update)
Mr. FireStation has been tied up with a family emergency over the last week. Coincidentally, regular reader, “Klaus” Wentzel offered to step in with a post, which was great. Klaus and I have never actually met in real life, but he often shares very insightful comments. This post is based on one of his observations from a couple years ago that is relevant today. Thanks, … Continue reading What is Your Household’s Largest Budget Item?
I guess it is a good time to be a retiree living off investments. Wall Street is loving the CV19 rebound and loose money policies of government & central banks. The S&P 500 is now up an amazing 83% since last year’s CV19 low point on March 23rd, 2020. Globally, stocks are at an all time high. Still, forgive me if I’m more than a … Continue reading Negative Outlook Amid The Exuberance
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