Tag Archive for: gdp

What Else Can Mr. Trump Do To Bring Down Rates And Home Prices?

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“We should ban rich people from going to McDonald's to bring down McDonald's prices.” 😊 George Gammon said that in jest in response to Mr. Trump’s ban on institutional investors from buying single-family homes. More on that below. In recent days, numerous Trump administration officials (Bessent, Lutnick, etc.) and other macro-observers (including the “All-In” podcast hosts) predicted 5% to 6% GDP growth this year.Read More

What Happens If The Economy Grows At A 10%+ Rate – Like Elon Predicts?

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On Friday, December 26th, when most of the world was shut down, we were awash in purchase contracts – receiving more in one day than we’ve received on any other day all year. What made it more interesting is that most of the contracts were isolated to one area. The reason is very telling – particularly for purposes of this blog. On December 24th, Elon Musk posted this: Double-digit growth is coming within 12 to 18 months. If he’s right, interest rates will be as high as 10% - and real estate agents everywhere will be dancing with glee! Elon is referring to economic or gross domestic product growth. It’s been averaging 2% to 3% over the last few years – and much of that was just government spending (so not “real” growth that benefits everyone). Elon thinks AI and robotics will foster double-digit private sector growth. This means that we will add over $3 trillion of NEW (out of thin air) wealth to our economy each year.Read More

Why Trump Needs and Wants A Recession ASAP

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Mr. Trump needs a recession in the worst way. Larry McDonald (NY Times Bestselling Author and Financial Analyst) was on this recent Julia La Roche episode - Larry McDonald: Trump Needs a Recession to Fix the Economy – explaining why Mr. Trump needs a recession.Read More

The Main Reason We’re Entering A Golden Age

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Our GDP would be far larger, and every American would be much wealthier if we did not have so many costly and unnecessary regulations. There is currently a huge push to deregulate the American economy – and if it is successful, we could very well enter a golden age with the help of cheaper energy and AI. Read More

Can Our Economy Grow Forever On Government Spending & Borrowing?

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We were all taught in school that government spending can spur economic growth, largely based on the teaching of the famous economist John Maynard Keynes. And – Keynes was right if the spending goes into GI bills to support college, new seaports, an entire freeway system, new airports, or anything else that actually helps an economy grow.Read More

Japan’s Huge Rise, Crash, and 34-Year Depression; Will America Follow?

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Most of you non-boomers have no idea of how mighty and dominant Japan was in the 1980s. They had the world’s 2nd largest economy, and we were all convinced they […]Read More

$35 Trillion Debt Crisis! Can America Pay Off Its Debt? (Not Likely) Why It Matters

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In 1946 our national debt was almost $270 billion – while our GDP was under $228 billion. So, our national debt in 1946 was almost 120% of our total GDP. […]Read More

Can Communists and Federal Reserves Control Economies Forever? No. So, Buckle Up!

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Which country has far more debt than the United States? The answer is China, along with many other countries. Everyone focuses on the United States’ massive federal debt levels, but […]Read More

GDP Way Up – Don’t Get Fooled Again

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GDP or Gross National Product was up an astonishing 3.3% for Q4 – and the “soft landing” (no recession) crowd is doing victory laps. This is extremely good news, as nothing reflects the health of an economy overall more than GDP growth – as that is the true indication of the total wealth to be spread amongst us all.Read More

Mortgage Debt Hits Record High of $9.4 Trillion! Time to Worry?

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  According to this WSJ article, mortgage debt hit a record high of $9.4 trillion in the 2nd Quarter of this year. This exceeds the previous record of $9.3 trillion […]Read More