Even Miran is changing his view. This stuff is hard to measure but when the one guy who was sure inflation was under control changes his view, it is hard to ignore.
https://www.morningstar.com/news/dow-jones/2026021910137/feds-miran-now-sees-a-less-accommodative-rate-path
Just a difficult thing to even compare. In 2018 prices were $3 to $3.30. Today they are about $3.25. It's a well supplied market. The most recent spike was a quirk in the severity of the cold snap, the fact that the spot contract was rolling off at the same time, and everyone was under hedged...
The WSJ is very Hoover-Insititutish, so it tracks. A good number of the Op-eds come from Hoover people. I note that the WSJ also supported the appointment of Powell in 2017 as a pragmatic choice that had more real-world business experience and less reliant on economic model-driven theories. This...
...that found their spine after announcing they were not running again. Anyway, then Warsh would get Miran's position and get elevated to Head in May. Then Trump would need to name two to replace Miran and Powell (if he chooses to leave the Fed entirely, which he probably will) positions in May.
Bessent says Trump is FOS and the market was wrong and everything is fine.
https://www.cnbc.com/2026/01/28/bessent-treasury-currency-market-intervention-dollar-yen.html
I just think of all the 2A discussion and how people argue that the 2A is to prevent a tyrannical government. What if the government was coming to check on the legality of your gun ownership? This is the literal definition of a tyrannical government.
Everyone should speak up because once a line...
...Musk, but they have to pay taxes on it, which they have myriad of ways to avoid. Otherwise their wealth does come at your expense, just indirectly. The actions of Trump and DOGE and rise in the debt level shows we don't have spending problem. We have a revenue problem. That is everyone's problem.
...but there is pretty good tracking summary of the actions and status. Interesting that the wild horse and burrow removal idea seems to have died.
https://westernpriorities.org/2026/01/from-disavowal-to-delivery-the-trump-administrations-rapid-implementation-of-project-2025-on-public-lands/
The good news from today is Trump hinted to Kevin Hassett he won't be the next Fed Chair. The market likes that.
https://www.reuters.com/business/trump-tells-hassett-he-may-want-keep-him-white-house-2026-01-16/
Yeah, the downside of free market capitalism.
He will certainly get bipartisan support for it. Most analysis says it won't do much.
1- it is just large institutions (Blackstone, Apollo, etc) not smaller individuals/LLCs
2- those large owners don't account for much of the market. They own about...
...countries will fully embrace the idea of how the US has really suffered the last few decades.
https://www.npr.org/2025/12/11/nx-s1-5639957/trump-affordability-hoax-economy-midterms...
NATO- Yes, Trump is right. He is also repeating the same complaint every administration has had for the last 40yrs. Bush I, Clinton, Bush II, Obama all of them. But you approach it like NATO has a checking account that all the countries put money into. That's not the way it works. It is % of GDP...
...the American people for profit. Many think Clinton, Obama, and Biden are fringe. You can’t show data showing actual performance. A lot of the movement is about ignoring the important stuff and believing made up stories.
I don’t think the Repubs can get more fringe than Trump, but they will try.
The fact that you view Trump and Harris was equally bad tells me a lot. But I am very curious if any of these names interest you. In other words, where exactly is your middle?
Andy Bashear - Gov of Kentucky
Gavin Newsom- Gov of Cali
JB Pritzker - Gov Of IL
Josh Shapiro- Gov of Penn
Rahm Emanuel...
...if they would feel the same way if the government decided to knock on doors to check for legal gun ownership. If you talk to people who are "undecided", please check for a pulse. An oppressive government is an oppressive government.
https://www.economist.com/interactive/trump-approval-tracker
All they really had to do was get Trump to say he didn’t know anything about it. Hell, some people are still denying it is the playbook.
SCOTUS hears the Lisa Cook case in the coming days, which is a litmus test for firing Powell and the Senate Finance Committee, because Stephen Miranda’s...
I think there is certainly a subset of people loving it. They love when a guy like Trump gets power and breaks rules because they are people who also don't want to follow society's rules. The Army in WWII defined fascism as a government by the few for the few. These people love it because they...
...stuff that has nothing to do with budgets. An argument could be made that Vought has more influence on the current state of the government than Trump. We are becoming a banana republic with the most powerful military in the world. What could go wrong?
Example...