Category: Politics, Religion & Money

Seventies Stagflation proved that inflation can’t be allowed to run wild. If it happens, the job market will have to take a hit, even to the point of driving the economy into a recession, as was done by Paul Volcker.

How weak is the job market today, relative to the coming inflation that is not quite here yet, as a result of Trump’s tariffs?

https://www.marketplace.org/story/2025/08/25/fed-shifts-focus-to-weak-job-market

Speaking selfishly, being completely debt-free, and with my IRA CDs earning good returns, I wish the Fed wouldn’t lower interest rates.

DJ Trump, convicted of 34 felonies, and with six business bankruptcies on his resume, wants to control the Federal Reserve Bank. The charges against Trump were for falsifying financial statements. His accusing Lisa Cook of being dishonest from a single, as yet unproven, instance of that offense is beyond ironic.

https://www.npr.org/2024/05/30/g-s1-1848/trump-hush-money-trial-34-counts

His actual problem with Cook are the two words that he sees as being presumptive of incompetence and criminality — Black Woman.

Powell sounds like he will announce a 0.25% interest rate drop in September.

First, Trump demanded Intel’s CEO quit.

When the Chips Are Down

Now he wants the United States to own 10% of the company. Huh?

The Dow jumped to a new record after Powell’s speech today. If interest rates drop enough to move money out of Money Market accounts and CDs, that will inflate Wall Street further. Then we’ll have a bubble, and look out when it bursts.

Last year, half an hour after hearing my cancer diagnosis on the phone, I had an appointment scheduled with a surgeon for the next day. The appointment was available by chance. Being able to act quickly, without checking with an insurer, was because I have traditional Medicare, rather than a Medicare Advantage plan. Trump wants to eliminate traditional Medicare.

Trump administration tiptoes into testing prior authorization in traditional Medicare

https://finance.yahoo.com/news/trump-administration-tiptoes-into-testing-prior-authorization-in-traditional-medicare-143012089.html