Crony Capitalism’s Stranglehold
Most of Millennials and Gen Z-ers have never actually experienced true capitalism, real economic freedom, and the wisdom of the “invisible hand.”
Most of Millennials and Gen Z-ers have never actually experienced true capitalism, real economic freedom, and the wisdom of the “invisible hand.”
For anyone still holding out hopes that the Federal Reserve might be cutting rates soon, Chairman Jerome Powell’s comments yesterday should have put those hopes out to pasture…
In the spirit of Tax Day, let’s stop for a minute to consider where all of your tax dollars go… and highlight some of the truly asinine things Uncle Sam has chosen to waste our money on.
Young adults today are increasingly in favor of socialism. That’s unsurprising considering the hand they’ve been dealt. And, naturally, politicians are pandering to their whims to garner election votes. But what does this mean for your investments and your financial future. Find out now.
Young people today no longer believe in capitalism. Sadly, it’s been a long time since we’ve seen real capitalism in the wild, but young voters aren’t big on nuance right now. They’re angry, and the solutions they’re going to demand at the ballot box are only going to make the problems worse…
Inflation came in hotter than expected yesterday, effectively killing Wall Street’s expectations of a May 1 interest rate cut. The Fed funds futures market is now pricing in a 94% probability that rates remain unchanged at 5.25% to 5.5%. So now what?
Remember those three rate cuts that the Federal Reserve all but promised this year… the ones that Wall Street enthusiastically priced in? You might want to curb your enthusiasm.
Wall Street will obsess over inflation data as it always does, but the fact of the matter remains that we do need to see inflation fall before the Federal Reserve will cut key interest rates.
When the world looks like it’s crashing down, investors take solace in knowing their wealth is protected by the most powerful military force in the history of mankind. But what happens when the safe haven itself appears to be at risk because those in charge of protecting it – namely the Federal Reserve – are the ones generating the chaos?
Any system that depends that heavily on the judgment of one very fallible man is inherently unstable. Yet that’s where we are. So, what happens next? Read my Freeport Society friend Louis Navellier’s take on it!