Your 401 (k) Goes Bungee Jumping It was the night before Christmas and the Dow Jones Industrial Average plunged 653 points. But the day after Christmas the bull bounced back for a record 1,000 point gain. Alas, the stock market December to remember continued as the Dow dropped 600 points the following morning. But not
You’re a Mean One, Chairman Powell President Trump overheated his Twitter account trying to pressure the fed chairman. But it didn’t work. Jerome Powell was more than ready to to stand up to Trump by playing the Grinch and raising rates. Not only that he said he’d do the same thing two more times next year.
When wild fires destroyed the town of Paradise, California Governor Jerry Brown blamed climate change. For the past few weeks Paris has been burning and French President Macron can blame the climate too. The French revolted against a carbon taxed aimed at reducing France’s .4% share of global warming caused by cars. The €8 billion tax bite
The economy is booming but the Trump base is taking a hit. GM is shutting down Chevy Cruze production at its 6 million square foot Lordstown plant. And Reason says the billion dollar cost of steel and other tariffs might have something to do with it. Steel workers are an important part of the Trump
The Pentagon has finally completed its first ever audit and the results are as many of us expected. After spending nearly a billion dollars to find out what has happened to trillions in unaccounted-for spending, the long look through the books has concluded that only ten percent of all Pentagon agencies pass muster. I am surprised any of them did.
Even the Pentagon is not surprised by the failure of the audit. “We failed the audit. But we never expected to pass it,” said Deputy Secretary of Defense Patrick Shanahan. Can we imagine any large US company subject to the prying eyes of the IRS being so unfazed by the discovery that its books have been so mis-handled?
Flavored e-cigarettes are the Mike’s Hard Lemonade of the smoking world. Kids like em. So the FDA is cracking down. The government plans to go after menthol cigarettes too. But not the stuff that actually kills you – tobacco. Before it kills you you will have paid a plenty of tax on tobacco. And governments