By Robert Romano The Federal Reserve on May 4 has increased its key interest rate, the Federal Funds Rate, from 0.25 to 0.5 percent, to 0.75 percent to 1 percent , a half a percentage point, and the highest rate hike since the year 2000. “With appropriate firming in the stance of monetary […]

By Robert Romano Well, that didn’t take long. It has only been a month since the spread between 10-year treasuries and 2-year treasuries — a reliable recession indicator that has predicted almost every recession in modern economic history — inverted on March 31. Now, here we are, and the first quarter Gross Domestic Product (GDP) […]

By Robert Romano “I am told this morning that Apple and Google will remove Twitter from the App Store if it does not moderate and remove hate speech under @ElonMusk. This isn’t a new policy, but a commitment already made. Amazon Web Services has the same commitment. […]

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By David Potter Florida Governor Ron DeSantis recently announced that the State of Florida is exploring legal options against Twitter for an alleged failure to live up to their fiduciary responsibilities to shareholders. Out of 800 million outstanding Twitter shares , the Florida State employees’ pension fund manages 946,960 . DeSantis said that Twitter’s […]

By Robert Romano 30-year mortgage interest rates shot up to 5 percent on April 14 according to the latest data complied by Freddie Mac, as banks adjust to the new normal of high inflation after 8.5 percent consumer inflation and 11.2 percent producer inflation was reported in March by the Bureau of Labor Statistics the past 12 months. That was […]

By Richard Manning Inflation is raging at an annual rate of 8.5 percent up from 7.9 percent last month.  March’s extremely hot price growth of 1.2 percent pushes the nation’s inflation rate to levels not seen since the first few months of the Reagan administration in May, 1981. […]

By Rick Manning Imagine a world where you were not taxed on how much you earned in a given year, but instead on how much your wealth appreciated. To some this sounds like something straight out of John Lennon’s communist manifesto, also known as the song “Imagine.” […]

The right to private property is laid out in both the Fourth and Fifth amendments to the Constitution.  In the Fourth, individuals are protected from unreasonable search and seizure, and the Fifth protects against the government taking your property without “due process of law” and […]

By Robert Romano 59 percent of registered voters disapprove of President Joe Biden’s handling of the U.S. economy in the latest Quinnipiac survey of registered voters conducted March 31 to April. Just 37 percent approve. On April 1, President Biden was touting the latest jobs numbers from the Bureau of Labor […]