Month: October 2017

Are you ready to pay 37 percent more for health insurance in 2018? Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country. I wrote about the steady erosion of the middle class yesterday, and health insurance is one of the main reasons why the cost of living is increasing at a much faster rate than our paychecks are. It greatly frustrates me that we have given the Republicans control of the White House, the Senate and the House of Representatives and Obamacare still has not been repealed. The truth is that should have happened on day one of the Trump presidency.  Monday’s news was dominated by headlines about the indictments of Paul Manafort and Robert Gates, but a new round of […]

The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt. Over the past decade, the national debt has been growing at a rate of more than 100 million dollars an hour, and this is a debt that all of us owe. When you break it down, each American citizen’s share of the debt is more than $60,000, and so if you have a family of five your share is more than $300,000. And when you throw in more than 6 trillion dollars of corporate debt and nearly 13 trillion dollars of consumer debt, it is not inaccurate to say that we are facing a crisis of unprecedented magnitude.  Debt cannot grow much […]

I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air - nothing could be easier. This is the lesson of the past eight years: if a problem can be solved by creating new money and buying assets, then central banks will solve that problem. Problem: stock market is declining. Solution: create new money and buy, buy, buy stock index funds. Problem solved! Market stops falling and quickly rebounds as “central banks have our backs.” Problem: interest rates are inhibiting lending and growth. Solution: create a few trillion units of currency and buy enough sovereign bonds to drop interest rates to near-zero. Problem: nobody’s left who […]

The mystery surrounding Mandalay Bay security guard Jesus Campos grows increasingly bizarre by the day.  Following Stephen Paddock’s October 1st massacre in Las Vegas, Campos, who may or may not have been shot by Paddock, flaked on a press conference that he reportedly scheduled then went missing for days before suddenly resurfacing on the ‘Ellen’ show. Now, Fox News has uncovered Customs and Border Patrol documents showing that Campos apparently crossed the border into Mexico days after the Vegas massacre.  Campos reportedly crossed the border at the same place in January but, for whatever reason, was driving a rental car this time around instead of his own vehicle.  Per the New York Post: Mandalay Bay security guard Jesus Campos mysteriously left the country just days after the Las Vegas massacre, a report says. Customs and Border Patrol documents obtained by Fox […]