Meraglim Blog

Jay Powell’s Gift to Markets

Fed Chair Jay Powell did not deliver any early Christmas presents to the markets last month, but he did pop the cork on a bottle of Champagne as a belated New Year’s gift on Friday, Jan. 4. With just a few words, Powell sent the most powerful signal from the Fed since March 2015. Investors

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The Coup d’État Against President Trump Has a New Twist

The attempt by the U.S. intelligence community to depose Trump led by James Comey (FBI), John Brennan (CIA) and James Clapper (director of national intelligence) is well-known by now. These officials used a flawed and unverified “dossier” paid for by Hillary Clinton to get a warrant to spy on a low-level official in the Trump

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Never Heard of Julian Castro? Don’t Worry, You Will

  The 2020 presidential election race is now in full swing, even though it’s still early in 2019. Presidential races seem to get longer every four years. Now we’re at the point where the next race begins when the votes in the midterm election are barely counted. If you’re a political junkie (I’m not), this

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One More Reason the U.S. Economy Is Slowing Down

The U.S. economy is facing head winds from many sources. These head winds include currency wars, trade wars, higher interest rates, tighter money supply and excessive debt. The results are appearing in a declining rate of GDP growth. U.S. annual GDP growth was 4.2% in the second quarter of 2018, 3.4% in the third quarter

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Paying off Debt Is a Good Idea but It Does Not Help U.S. GDP

This article reports that Americans in their 40s and 50s are devoting more of their discretionary income to paying off debt rather than savings or investments for retirement. Economically, this makes good sense. Paying down debt is the same as investing; you’re giving up one asset (cash) in exchange for eliminating one liability (the debt) with no

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Rumors of a War — Iran Is Back in the Cross Hairs

  The U.S. was in a serious financial and cyberwar with Iran in 2012 and 2013. The U.S. and Israel were giving consideration to military attacks on Iran in order to disable Iran’s uranium enrichment program. At the end of 2013, President Obama reached a truce in exchange for Iran entering into negotiations on their

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