High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more
Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more
A trader works on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City. Michael M. Santiago | Getty Images Stocks, bonds, currencies and commodities have all been affected by volatility in the past month, with many stocks seeing wild swings and big losses as the … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
There seems to have been a change in vibe in the US housing market over the past six months. What started in places like Austin, Texas with falling rents and home prices, seems to have spread to other parts of the country. As you can see in the table below, Austin isn’t the only one … Read more
A growing number of Americans are looking for the worst. A recent survey conducted by YouGov found 42% of Americans believe that the country will experience a “complete economic collapse” in the next ten years, while more than a third think that a civil war is likely (1). That level of pessimism reflects a broader … Read more
Market Bottoms The S&P 500 is looking to start in a positive position for the second day in a row, but the market’s biggest problem remains the same: investors are using energy to limit positions. Trump News That Influenced the Future This morning’s hope is due to a Wall Street Journal report that President Trump … Read more
Source: JP Morgan via Marketwatch In normal times, about 20 percent of the world’s oil production passes through the Strait of Hormuz. That flow has been cut off except for Iranian oil and a few other ships that the Iranians allow through. This disruption has led to a significant increase in oil prices in the … Read more
Recently, an anonymous Reddit user asked, “What industry is built entirely on a house of cards and would collapse overnight if people realized the truth about it?” People had a lot of shocking (and scary!) answers to share. Here are some of the most interesting comments: 1. “Traveling kids sports industry. $3,000+ a year so … Read more