Federal Reserve has raised interest rates for the first time under the new fed chair, Jerome Powell, to the rage of 1.5% to 1.75%. The Fed and the “experts” out there think that the Fed will for sure raise rates 3 times this year but I wouldn’t be too sure about that. I think there’s a good chance that the only other time rates will go up in 2018 is in December. Listen to this episode to find out my reasons behind this and what I think about Larry Kudlow as Trump’s new chief economic advisor.
President Trump recently announced a new 25% tariff on steel and 10% tariff on aluminum imports. Tariffs are a horrible policy and protectionism doesn’t work! It might save a few jobs in the very short term but long term it’s a major job killer! … [Continue reading]
On Valentine’s Day, the worst school shooting took place with 17 people dead. Of course this issue has turned into a political football but there’s a simple solution…allow teachers to carry guns! All of these mass shootings occur at gun free zones! … [Continue reading]
Our national debt is $23 Trillion and now thanks to the republicans who say they are fiscal hawks, $1 Trillion deficits may become the norm. The first three years of the Obama presidency we had Trillion dollar deficits and that was insane! That’s … [Continue reading]
I just got back from Singapore and man what an experience that was! I really felt like I was in the novel 1984. Cameras are watching you everywhere, every little thing is regulated! A car that costs $30,000 in the U.S. costs $130,000 in Singapore! … [Continue reading]