Anyone who was around in the late ’90s remembers the Dotcom Bubble- the tech boom of 1995-2000 and the resultant tech collapse of 2000-2002. It’s an old adage that whenever everyone is moving in one direction, it might be advisable to move the other way. In other words, the investment opportunities may not be there, and the madness of crowds creates high expectations that can never really be achieved. [...]
While the impacts of higher rates ripple through the economy, they also increase the cost of issuing bonds used to finance government operations, which affects everyone. Bonds have been used to meet federal budgetary needs since the Revolutionary War. Alexander Hamilton, a founding father whose portrait is on the $10 bill and who tackled the Revolutionary War debt as the first Secretary of the Treasury, stated, “A national debt, [...]
The U.S. House of Representatives voted to remove Speaker Kevin McCarthy of California in a history-making motion to vacate, initiated by Representative Matt Gaetz of Florida. The motion was introduced just days after McCarthy devised bipartisan legislation to prevent a government shutdown. It is the first time ever that a motion to vacate was successful. The vote places the house without a speaker, and there is no plan by [...]
Regulatory bans on the sale of new gas-powered cars and trucks and government incentives for zero-emission vehicles have spread across the country and around the world, with most set to begin between 2030 and 2050. It may seem far off, but 2030 is right around the corner, especially in industries with long product lead times, such as those manufacturing planes, trains, and automobiles! What are some nuances of the [...]