Bill Dally dropped out of high school. Something about history class. He didn’t want to sit through it. Dally subsequently went to work as an auto mechanic, though high test scores eventually secured him admission to Virginia Tech despite him having not received a high school diploma. A master’s degree from Stanford followed, and […]
The American Mind Has Been ‘Closed’ for Decades. And Progress Has Soared Read More »
There was no forgotten, downtrodden, so-called “Trump voter.” The latter was a creation of media members trying, and failing to understand the “exotics” outside the big coastal cities, and who voted for Donald Trump in 2016. To understand the why behind the myth of the Trump voter, contemplate David Wasserman of the Cook Political Report’s discovery of Cracker
Cracker Barrel Rejects the Dispossessed, ‘Trump Voter’ Narrative Read More »
Nvidia’s valuation reached the $4 trillion mark recently, and co-founder Jensen Huang’s shares are now worth something like $143 billion. Present and future retirees should rejoice the rapidly increasing wealth inequality that Nvidia and Huang represent. That’s because inequality is the greatest gift to retirement of all. To see why, contemplate the “Magnificent Seven”
Soaring Wealth Inequality Is the Greatest Retirement Gift of All Read More »
He may still turn things around, but it’s a shame about President Trump and the economy. All he had to do was nothing, and what they refer to as “the economy” would be soaring now. Of course, Trump wouldn’t be president if he had it within him to do nothing. Which is why every president
It’s In the Pessimism and Policy Errors That Recovery Can Be Found Read More »
It cannot be said enough that economic growth is defined not by what people do, but by what they don’t. Which certainly helps explain the big declines in future-seeing equity prices in concert with President Trump’s haphazard rollout of his tariff plan. It’s an economy-sapping blast to the past that is forcing a revaluation
Economic Progress Is a Brilliant Effect of What We’re Not Doing Read More »
“Obama’s Radicalism Is Killing the Dow.” That was the headline of a Wall Street Journal opinion piece by conservative Hoover Institution scholar Michael Boskin on March 6, 2009. With stocks on a downward trend, Boskin concluded that Obama’s policies were the culprit. The Boskin piece is evidence of how members of the right not infrequently respond to
Trump’s Radicalism, Like Obama’s, Will Stop the Market Slide Read More »
As is well known now, Nvidia shares tumbled something like 17% last Monday. Was this bad news from the Fed about its plans for interest rates? The question isn’t serious. Stock prices are a reflection of market expectations about all the dollars companies will earn in the future. Nvidia in particular shows us why
NVDA Shows Stocks Gain Boost From Fundamentals, Not Fed Read More »
Fairfax (VA) and Montgomery (MD) counties are routinely at or near the top among U.S. counties on the matter of per capita income. The politically focused use the latter for political purposes. Get it? Federal government workers and workers adjacent to the federal government earn a lot of money. The income statistics are disturbing,
The Crucial Difference Between High W-2 Income and Equity Wealth Read More »
Stocks are at record highs. More encouraging, if President Trump keeps the same focus on the Dow during his second term as he did his first, the record-setting closings of today should pale in comparison to what’s expected by the end of his four-year term. But to power another stock market boom, Trump must
We Need ‘MAGA’ Companies To Power the Next Stock-Market Boom Read More »
Promoting his new book over the summer, economist Ruchir Sharma managed to get one of its main themes splashed all over the media: “When the price of borrowing money is zero, the price of everything else goes bonkers.” Ruchir was talking about the stock market, and promoting the falsehood that when the Fed makes
Intel’s DJIA Exit Mocks Silly Notion Abt. Fed Boosting Stocks Read More »
