U.S. Economy

Before Steve Jobs and the iPhone, there was Malcolm McLean, inventor of the shipping container. McLean made the iPhone—and many other things—possible.

The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.

For now, the dollar seems to be doing well against other currencies, but how long will that last?

Before Steve Jobs and the iPhone, there was Malcolm McLean, inventor of the shipping container. McLean made the iPhone—and many other things—possible.

Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone

Not satisfied with putting thousands of people out of work with its infamous AB 5 legislation, California lawmakers now are going after fast-food businesses.

Bottom line, it’s a recession at the moment; whether it gets worse depends on inflation, and policymakers goofing around whistling past graveyards should give anyone pause.

Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.

Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.

Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.