Category Archives: Economy
The Big Money Mirage
To fill the gap between rising prices and stagnating wages, consumers have loaded themselves up with massive amounts of credit card debt. According to the latest consumer debt data from the Federal Reserve Bank of New York, Americans’ total credit card balance, as of the fourth quarter of 2025, is $1.28 trillion. That’s up from $1.23 trillion in Q3 2025 and is the highest balance since the New York Fed began tracking in 1999. Continue reading
Running On Empty
The opening bombardment of Operation Epic Fury on February 28 succeeded in taking out the heart of the Iranian regime. But it also triggered extreme geopolitical instability in the Middle East and severed the aorta of the global economy. Continue reading
Grinding the American Middle Class to Dust
The housing market, for much of the 20th century, was the bedrock of the American Dream. Home ownership, and the financial stability it represents, was a sure path to middle-class prosperity. Continue reading
The Tale of Mr. Scrap Metal
“I see that you’re following along with our great experiment here,” he began, making no attempt to hide the excitement in his eyes. “I have great hope for the future. And it grows everyday. Did you see the latest story in the newspapers, about Don Chatarrín?” Continue reading
