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Inflation

Smart Cars Reporting to Govt – Insurance Rates up 26% YoY

Car insurance rates in the US have spiked by around 26% overall in the past year. The government has been pushing for everyone to go electric and trade, spending...

Inflation Dropped in Canada – So Why is the Cost of Living Unaffordable?

Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities...

$50 Minimum Wage?

Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living...

Fast Food Restaurants Abandon Value Customers

Fast food establishments originated as the cheap, quick alternative to a proper meal. Value customers earning under $45,000 annually were the target demographic...

NY Fed Survey: Americans Optimistic on Inflation

According to a recent survey by the New York Federal Reserve, Americans’ inflation expectations have dropped to the lowest level in three years. “How much...

Central Banks & Complexity

  QUESTION: Why do you seem to be the only analyst who understands central banking? My son got an internship at one of the major banks in New York during the...

Homelessness at All-Time High in World’s Wealthiest Nation

Homelessness has reached a new high in America, the wealthiest nation in the world. The 2023 Annual Homeless Assessment Report compiled by the Department of Housing...

PRIVATE BLOG – The Fed – To Raise or Not to Raise – That’s the Question

PRIVATE BLOG – The Fed – To Raise or Not to Raise – That’s the Question Private blog posts are exclusively available to Socrates subscribers. To...

The Second-Largest Contributor to US Private Debt

The Federal Reserve Bank of New York’s data shows that auto loans have surpassed student loans, becoming the second-largest debt burden for U.S. consumers....

American Wealth Declined in Q3

According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses....