It sometimes seems that the political class will use every possible opportunity to describe what they are doing in a manner designed to confuse the greatest number of voters. If you understand the following analogy, you probably understand a significant part of the recently enacted BBB.   Assume your current cable bill is based on … Continued

Week of July 7, 2025 As has been noted many times, capital markets prefer certainty over uncertainty. Last week, several key uncertainties were alleviated: the signing of the One Big Beautiful Bill, signs that Iran’s uranium enrichment capabilities have been significantly curtailed, and a renewed commitment by NATO countries to increase defense spending—easing the financial … Continued

According to Investopedia, reshoring is the process of returning production and manufacturing of goods back to the company’s original country.  Reshoring is the opposite of offshoring, which is the process of manufacturing goods overseas to try to reduce costs and meet competitive challenges. Apparently, our president is dreaming of a domestic factory revival without addressing … Continued

A homeowner’s association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the property owners.  HOAs are run by a board of directors and typically collect fees to pay for a wide range of services, including common area maintenance and upkeep of facilities.  The cost of … Continued

Week of June 23, 2025 While global attention remains focused on Iran, several other important developments continue to unfold beneath the headlines. In the Senate, Republicans are still working through the details of Trump’s “Big Beautiful Bill.” Meanwhile, the conflict between Russia and Ukraine grinds on in a virtual stalemate. On a more constructive front, … Continued

Two short tales of the sea, some 400 years apart, that suggest that haste and a failure to accept expert advice can have consequences. A few weeks ago, Kim Jong Un watched as a new 5000-ton destroyer toppled during a “risky” side launch.  Naval experts attribute the failure to a combination of inexperience, a rushed … Continued

Week of June 9, 2025 Noted in an article from the Wall St Journal titled Export Controls to Take Center Stage at U.S.-China Trade Talks, “The trade war between Washington and Beijing has in recent weeks veered away from tariffs, focusing instead on each country’s restrictions on material or products the other side desperately needs.” These … Continued

Pressure on consumer finances is beginning to impact the fast-food sector, with most major chains, including Chipotle, Domino’s, Starbucks, Pizza Hut, KFC and McDonald’s, seeing sales cool and guidance tempered.  On the demand side, low-income customers, in particular, pulled back on their spending, but so did middle-income households.  Higher income households appear to be sustaining … Continued

The answer to that question depends, to a significant degree, on geography, politics and economics.  In the US, until recently, more than 50% of electricity generation was from coal.  Today, coal utilization for electricity generation is down to approximately 15%, and cleaner, lower cost natural gas has substantially replaced coal as the primary fuel for … Continued