Rick Newman

Founder, The Pinpoint Press. Money, politics, humor, insight. Former Yahoo Finance, former Pentagon reporter, 4x book author. Skiing, gardening, IPAs, growth.

[Rick Newman @rickjnewman]

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[Rick Newman @rickjnewman]

A lot of Americans think socialism would be better than the economic system we have now

No!

Socialism has never succeeded anywhere

What we need to do is fix capitalism

Here's how, latest from The Pinpoint Press

https://t.co/aSwIJ3VvNE

[Rick Newman @rickjnewman]

@whazittoya My thoughts are mostly on Substack these days! Twitter is a dump.

[Rick Newman @rickjnewman]

Full story at The Pinpoint Press ~ https://t.co/pCEQ2JnffV

[Rick Newman @rickjnewman]

Rates have soared this year

Is that a problem? Not yet

When will it become a problem?

Here's a guideline ~ when the 10-year Treasury rate exceeds nominal GDP growth

Right now we're okay

Today's learnings from @yardeni and @biancoresearch

[Rick Newman @rickjnewman]

This stuff actually happened:

~ Rape culture persists
~ TN replaces death penalty with maim penalty
~ Stupid senator tricks
~ ICE sued 💪
~ Supreme disapproval

And more.

The Weekly WTF, only at The Pinpoint Press

https://t.co/Cs2YZUHcEn

[Rick Newman @rickjnewman]

Full story at The Pinpoint Press ~ https://t.co/n6PgksPqsA

[Rick Newman @rickjnewman]

Overwhelmed by the news? The Weekly Matterboard is here!

We rate the importance of:

~ Bad terrorism vibes
~ Latest blue-wave odds
~ "self-policing" AI 🙄
~ 2 new pandas
~ Slim Pritzker

And more!

Only at The Pinpoint Press, with terrific chartwork by @DFosterGraphics

[Rick Newman @rickjnewman]

/END Full coverage of this breaking news 😄at The Pinpoint Press

https://t.co/L7J1wwh5OU

https://t.co/9W9FNx9EBr

[Rick Newman @rickjnewman]

1/ I placed a Kalshi bet on WTI oil falling below $75 at the end of 2026.

There's solid logic behind my bet

Here's the WTI price action since Trump started the Iran war on February 28

[Rick Newman @rickjnewman]

5/ If I'm right my $50 Kalshi bet will pay out $164.50

I could bet a lot bigger by buying put options on oil ETFs, shorting Big Oil stocks or doing other high-risk investments

But I'm not that smart (or dumb)

[Rick Newman @rickjnewman]

END/ Full story at The Pinpoint Press

https://t.co/Jb5idXTifB

[Rick Newman @rickjnewman]

4/ Biggest problem now is we just don't have enough housing

Zoning is a pain and builders want to put up mansions not starter homes

Plus Trump's stupid tariff raise cost of lumber and building materials

And his deportations thin out the construction workforce and push labor costs up

[Rick Newman @rickjnewman]

Discussed this recently on @CNN, along with the consequences of higher gas and diesel costs

[Rick Newman @rickjnewman]

3/ After the housing bubble burst starting in 2007, prices came back down

Unlikely to happen this time

~ No foreclosure crisis
~ Household balance sheets healthy
~ Home equity solid

[Rick Newman @rickjnewman]

1/ Mortgage rates are now above 7% and might stay there

Sounds terrible

But this is actually close to the average of the last 45 years

[Rick Newman @rickjnewman]

2/ What's different now is we just had one of the most abrupt home prices surges in history

That price surge was bigger and much faster than the housing bubble of 2003-2006

So higher rates arrives as prices are already off the charts

[Rick Newman @rickjnewman]

/END Where that leaves us: The governing class sees a different economy than most Americans live in

Full story at The Pinpoint Press

https://t.co/eDJ1uQ8m6z

[Rick Newman @rickjnewman]

1/ Crazy cognitive dissonance in the economy

Real GDP growth in 3Q estimated at 5%. That would be highest since Covid bounce-back

[Rick Newman @rickjnewman]

5/Trump's approval on the economy is crashing

(Data: @YouGov)