If you only learn one thing today, today you should learn.....
The Panic Industry has traded in climate change as old and moldy.
AI / Data Centers is their new trophy wife.
Jeff Bezos on America's spending and taxes:
"We don't have a revenue problem in this country. We already have the most progressive tax system in the world. The Top 1% of taxpayers pay 40% of all taxes. The bottom 50% pay just 3%. We have a spending problem."
Our flight into Kansas City just made an emergency landing after the cabin filled with smoke. Thanks to our first responders, pilots, flight crew, and MCI staff, everyone is safely evacuated on the tarmac.
INBOX: Maker's Mark today unveiled a limited-edition bottle honoring America's 250th anniversary. Available June 1st and a portion of proceeds will benefit Farmer Veteran Coalition.
The Fed expanded the money supply by nearly $9 trillion under Powell.
Inflation has averaged >4% per year over the past 6 years.
Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control.
The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.
I've been the lone vote against runaway spending for years. It shouldn't be this hard to convince Washington to balance a checkbook. Every American does it. Washington should, too.
"No one has ever been a success betting against America since 1776 — and they're not going to be a success in the future doing it, either." – Warren Buffett
Good intentions don't balance a checkbook. We passed a budget. Then ignored it. We spend $7T and bring in $5T. Until that changes, every budget document in Washington isn't worth the ink it's printed with. @VarneyCo
The national debt crossed $39 trillion for the first time last month. That's another trillion added in five months. Interest alone is running $88 billion a month. Cut six cents out of every projected dollar for five years and the budget balances. It isn't radical. It's basic math.