RichC | June 13, 2025
The heavier metal backed credit cards being issued by some banks these days seemed like a good idea when they first came out, but in reality (at least mine) … they don’t seem that much more durable than the plastic versions? The Capital One SAVOR credit card that I carry primarily for “restaurants and grocery […]
RichC | June 11, 2025
TheHustings editor sent me a request last week and wanted my thoughts on the recent feud between President Trump and Elon Musk (my submission posted Monday on TheHustings.news). Of course it was disappointing … and in my opinion … unnecessary (at least the personal stuff), but I definitely understood Musk’s frustration after all he as […]
RichC | June 6, 2025
Testing a few Tech Friday blog updates that have scrambled the MDB server. For the “media” inclusion, here is a graph of 10-year Treasury yield this morning when the better than expected job numbers were released.
RichC | May 24, 2025
The U.S. penny, a staple of American currency since 1787, will no longer be minted after 2026, as announced by the Treasury Department. The decision comes as the cost of producing a penny has soared to 3.7 cents, far exceeding its face value. With 114 billion pennies in circulation, the move aims to cut losses […]
RichC | May 23, 2025
After asking both ChatGPT and Grok for some “value investor, dividend stock” advice on May 2nd (see link), I received an invite from Gemini 2.5 Pro to test an update. So I decided to ask the same question just to see what Google’s Gemini would spit out. Unfortunately I must have picked a busy time […]
RichC | May 22, 2025
Democrats don’t want you to see what they are doing when they spend your taxdollars (and borrow more) … while Republicansl try to convince you that the Federal government needs to increase spending now and in order to cut spending later. BTW, the U.S. House passed the Trump backed One Big Beautiful Bill today. Key […]
RichC | May 10, 2025
At the heart of President Donald Trump’s economic vision is a renewed commitment to American manufacturing. Central to this goal is the strategic use of tariffs—not as instruments of isolation, but as tools to encourage domestic production, protect American workers, and reestablish the United States as a global industrial leader. The Trump team views tariffs […]
RichC | May 2, 2025
Having both an interest in Value Investing and AI, I decided to do a side by side comparison between ChatGPT and Grok3 for “stock trading advice for value investors” (highlighted in my request) … and “recommend three dividend stock buys that limit risk of loss but offer the highest chance of gains over the next […]
RichC | May 1, 2025
The Federal Reserve finds itself walking a tightrope as new data released this week points to a troubling mix: slower economic growth and higher inflation during the first quarter of 2025. It’s a combination that could eventually force the Fed to prioritize one of its dual mandates—either keeping inflation in check or supporting employment—at the […]
RichC | April 29, 2025
Although TheHustings.news editor didn’t ask me to write anything this week (previous requests), I decided to work on something over the weekend that has been bothering me. As a long time advocate for shrinking our Federal government (as a conservative, small government Republican) and focused on the “spending problem” Congress has had for decades —which […]
RichC | April 24, 2025
U.S. markets closed on a high note today, with the Dow Jones Industrial Average jumping over 500 points to 40,093 and the Nasdaq surging nearly 3% to 17,166, marking the third consecutive day of gains. Investor optimism was fueled by positive developments in U.S.-China trade talks and robust corporate earnings reports. The S&P 500 also […]
RichC | April 13, 2025
I’ve been known to grumble and complain about big government and taxes most of my life, but I’m not alone. In fact, before I was even born there were versions of this poem being published in newspapers. So as April 15th nears (tax day in the U.S.), it seems like it should be added to […]
RichC | April 9, 2025
Posting a late afternoon blog addition since I would be remiss to not mention the stock market rocketing after the Trump administration announced a “pause” with 75 countries wanting to negotiate tariffs and non-tariff barriers with the U.S. The notable holdout at this point is China … but the financial markets took all of this […]
RichC | April 6, 2025
Once again the request was out from TheHustings.news for a bit of a pro-tariffs and pro-Trump right-column commentary than others could muster (text below before the editor puts his pen to it). Truth be told, I struggled after the hammering investors took last week (including me). I had to work a little harder to stay […]
RichC | April 5, 2025
The Trump tariffs that have been long in the making and took hold on April 2nd, “Liberation Day” (he first talked about them in the 1980s). Not everyone is as sure or as comfortable with them as U.S. President Donald J. Trump. Still, most of us recognize that the industry that built this country in […]
RichC | April 3, 2025
Although I have a personal opinion on just how trade between countries “should” function (free trade), I also realize there’s really no such thing in the real world. There are those who believe companies in the United States end up holding the short straw when exporting their products overseas … due to a variety of […]
RichC | March 14, 2025
The manic markets and crazy movement down and up (today) are enough to have investors pulling their hair out. Thankfully there was a reprieve from the steady down movement over the tariff dispute between President Trump and many of our trading partners (more on that this weekend). Consumer sentiment is not positive and will likely […]
RichC | January 27, 2025
As commented in the WSJ, “DeepSeek has sparked a deep freakout.“ Stock Market Today: Nvidia Stock Sinks in AI Rout Sparked by China’s DeepSeek The Chinese artificial-intelligence upstart has trained high-performing artificial intelligence models cheaply—and without the most advanced gear provided by Nvidia and others. That has pulled the rug from under global companies benefiting […]
RichC | January 18, 2025
While reading a recent issue of Kiplinger as an investor, an article has me contemplating the history of the year following Federal Reserve rate cuts. It seems likely, that unless there is a crisis in 2025, that financial markets will see gains again. Of course the market watcher in me realizes that the stock market […]
RichC | January 11, 2025
It is difficult to fathom the amount of devastation happening in Southern California due to the out of control wildfires fueled by the yearly dry vegetation and Santa Anna wind blowing through the canyons and mountains around Los Angeles. Having dense population and homes in the hills around the suburbs adds to the risk when […]
RichC | January 4, 2025
After four years of inflation impacting everything Americans need and want, the optimism for improvement might not come all that easily to the next administration. Wages are struggling to keep up with prices, and although the Fed has started an easing cycle with rate cuts, everyday citizens don’t see that when it comes to necessities […]
RichC | December 21, 2024
Where should you work — for the government or their private counterpart? From economist Stephen Moore: According to @RealEJAntoni‘s recent analysis, the cost of state and local government employees is a staggering 41.7% higher than their private sector counterparts. While wages are 24.4% higher, the real kicker is benefits—an astonishing 83.0% more!
RichC | December 18, 2024
The Federal Reserve is less sure about how much it’ll keep cutting rates after agreeing to a reduction this Wednesday afternoon. Chair Jerome Powell admitted that the decision was a close call (see WSJ and rate chart from 2000-2024 below). The latest cut, approved by 11 out of 12 Fed voters, will lower the Fed’s […]
RichC | November 20, 2024
President-Elect Donald Trump is currently preparing his list of nominees for the cabinet he needs to help advise him. Along with a few controversial picks, Trump has also added a couple of high profile names, Elon Musk and the Vivek Ramaswamy to a new advisory panel … a committee that is smugly being referred to […]
RichC | October 30, 2024
Last year on this date, I commented about “investors being nervous this time of year” on the U.S. stock market indices. So as a filler nearly exactly one-year later, I figured I would do the same. The DOW and NASDAQ above on October 29, 2024 are WAY UP from 2023 and Chevron ($CVX) below is […]
RichC | October 25, 2024
Nobody really knows when the next recession will come, but economists and those of us who monitor investments would really like to know before it arrives. This week while moving a few more dollars to the sideline, at least until after the November 2024 election and until mid-January 2025 (parked in a 3-month CD) … I […]
RichC | October 2, 2024
The government under Biden/Harris has been totally irresponsible when it comes to spending. They’ve shown zero interest in working towards a balanced budget and have put us another $2.3 TRILLION dollars further in debt (they are spending way more than they collect in taxes). Of course there’s nothing new to this fiscal malfeasance … it […]
RichC | September 18, 2024
Investors and traders on Wall Street started today in a pensive mood as all impatiently waited for the much telegraphed “first rate cut since 2020.” Market journalists debated if Chairman Powell and the Federal Reserve board members would see the slowing economy as a sign that their tightening polices had stifled inflation enough to managed […]
RichC | August 11, 2024
Investors who bought US Treasury iBonds when inflation was raging may see the lower May 2024 rate reduction as no longer attractive; the rate is currently 4.28% (it adjusts every 6 months). The interest rate has steadily fallen as month to month inflation has eased from its high and investors may be able to find […]
RichC | August 6, 2024
As an amateur market follower, I have watched economic indicators that signal boom and bust cycles for years. One of the more insightful signals is the spread between treasury yields (inverted yield curve) … especially the 10 and 2 year treasuries. An inversion has been a good indicator of a recession … as posted a […]
RichC | July 25, 2024
The indices took a dive on Wall Street on Wednesday as the Magnificent Seven tech stocks that have lead the stock market recently, sold off after Alphabet $GOOGL(parent of Google) and Tesla $TSLA disappointed with earnings. As a WSJ live post put it, “the thrashing wiped out hundreds of billions of dollars in market value […]
RichC | July 19, 2024
I don’t think I’ve ever recalled a hot summer in July or August that I’ve needed to “remove” water from the pool? I did so with a spare pump leftover from my biodiesel days and a sprinkler. 😊 This year, we’ve had the somewhat normal hot and dry weather … followed by thunderstorms, tornado warning […]
RichC | July 11, 2024
Those of us following the stock market and managing investments can’t help but smile at the strong U.S. financial markets on Wednesday and so far this summer. For some who “sell in May and go away” (as the idiom goes) … they are are not smiling quite as much. As a long term value investor, […]
RichC | May 25, 2024
No matter how I set the trigger, our friendly cardinal regularly triggers a warning on our Wyze Cam. He is enjoyable to watch and so I really don’t mind it. On the other hand, I DO MIND the price increases hitting Americans at the gas pump, grocery store and restaurants … not to mention nearly […]
RichC | May 19, 2024
It is time to face the inevitable that working later in life is not a reality for most people. As I commented on a Barron’s article last week, you “better have a Plan B or even a Plan C” in case there is a health concern that prevent working later in life. From personal experience, […]
RichC | May 15, 2024
U.S. inflation eased slightly in April, with a key measure of price pressures slowing to its lowest level since spring 2021. The consumer-price index, a gauge for goods and service costs across the U.S. economy, rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food […]
RichC | May 10, 2024
Sometimes I know that I’m just tempting fate … like when it comes to switching mobile phone carriers … in my case, MVNO companies. Last year, I switch my aging iPhone 7 plus over to USMobile on a trial. I ended up finding it preferred to Mint Mobile (T-Mobile) and found the service to be […]
RichC | May 1, 2024
Both my wife and I drink too many carbonated beverages. For me it is usually Diet Mountain Dew and for Brenda it has always been Diet Pepsi. I scaled bad several times in my life, but ended up right back in the habit of 3+ cans everyday. Brenda seems to be able to turn it […]
RichC | April 30, 2024
While uploading a late April 2024 peaceful looking Delray Beach scene from my “aging” iPhone 7 Plus, the distorted panorama photo has me wondering just when it will be time to upgrade? Since my 7 year old smartphone will no longer update a few of the apps due to an old iOS … I do […]
RichC | April 21, 2024
The social group that I waste too much time in reading and replying to each week on X.com (a bunch of car enthusiasts and a few automotive journalists) posted a photo of a 1984 Chevrolet Celebrity Eurosport last week. It was exactly like the second company car I had when working for Portage Newspaper Supply Company […]
RichC | April 13, 2024
Iran has threatened to retaliate for an attack in Damascus, Syria, that Tehran said was an Israeli airstrike on a diplomatic building. The strike killed several top Iranian military officials, including a senior member of the Islamic Revolutionary Guard Corps’ elite Quds Force. According to the WSJ on Friday, “the U.S. rushed warships into position […]
RichC | April 10, 2024
We have been using the economical Wyze Cams to monitor things around home for a few years now, along with leftover Canary Cams … and our old school original wired security system. I do like the way these inexpensive cameras have held up and are improving, but the speed and notification tweaking of their Wyze […]
RichC | April 6, 2024
The subject line is my questionable twist on the Francis Church response to Virginia O’Hanlon in 1897, Yes, Virginia, there is a Santa Claus (see below). All of us “seeing” inflation month after month really don’t question its existence, but we do wonder how long inflation will continue a higher than the desired two percent […]
RichC | March 27, 2024
Amazing day for the stock market again. It looks like more high inflation and that this kind of strong market confidence may push off Fed rate cuts until inflation drops closer to 2%, unemployment begins to rise or the entire economy hits the skids. On the other hand, this irrational exuberance looking excitement (Crypto, $RDDT, […]
RichC | March 22, 2024
Although at this point I’m still sticking with cable for my Internet and television entertainment, the difficulty in watching certain sporting events is increasing. I’m not happy about Amazon locking up Thursday Night Football and did not like having to plan ahead for the NFL playoff game in January, but for the most part … […]
RichC | February 28, 2024
Court ‘Didn’t Stop Me’ – “ The President ignores the law again as he forgives more student debt. The total is now $138 billion and counting.” WSJOpinion February 23, 2024 article link He’s not really cancelling anything because he’s transferring the debt from the borrowers it benefited to the taxpayers who will finance it with […]
RichC | February 17, 2024
As an entrepreneur who has owned a business that sells in several Ohio counties and collects sales taxes (all counties are different), I do monitor the steady sales tax percentage increase over the decades of doing business. It is also interesting to know how managing a business in Ohio compares to other states (click map […]
RichC | February 9, 2024
As an Apple advocate and device user from the 1980s and someone who as been begging for a foldable iPhone flip phone (or even slider) since using and retiring a foldable Samsung SPH i500 PalmOS device years ago, “I can’t wait”… as I mentioned to tech influencer Evan Kirsten. We seem to be getting closer, […]
RichC | January 28, 2024
An email newsletter from the Tax Foundation offered up a few interesting tax oriented tidbits. Lady Godiva As the story goes, Lady Godiva famously rode a horse through Coventry, Warwickshire . . . in the nude. But why did this 11th-century noblewoman choose to do such a thing? Taxes. Lady Godiva pleaded with her husband, […]
RichC | January 23, 2024
It’s called the third rail of politics, and in those areas of spending where politicians with the best of intentions dare to talk, nothing gets done. Only a few have suggested finding a solution to our ballooning debt and yearly deficits … or two of the primary drivers: Social Security and Medicare. These programs continue […]
RichC | January 12, 2024
Well then there’s an ETF (Exchange Traded Fund) for that … finally. But now the decision, which one do you add to your investment portfolio? Check out this article on CNBC and chart of ETFs and fees. The bitcoin exchange-traded funds launching Thursday after the SEC’s long-awaited approval come at a wide variety of price […]
RichC | January 6, 2024
Last week we took our 2010 Acura RDX to our local repair garage, hoping for a minor rather than major issue. So far, so good. The initial thought that it might be a solenoid controling the turbo wastegate turned out to be “not” the issue … and digging deeper required several more hours of labor. […]
RichC | December 29, 2023
The IRS has set the new tax brackets to adjust for inflation beginning in January 2024. The update is to shift higher by 5.4%, but for 2023 taxes that most of us will be filing before April 15 and saw even more “bracket creep” due to the previously year’s inflation. Here are the changes […]
RichC | December 26, 2023
Have you ever wondered about taxes … and how many (or how much) is too little or too much? If so, here’s a short YouTube clip from the TaxFoundation:
RichC | December 17, 2023
My buddy Jeff and I enjoy debating and learning from each other while sharing what we are reading. We are far from experts on anything (I should speak for myself), but that doesn’t stop us from opining. HA! Last week with the Federal Reserve “pausing” on interest rate hikes with inflation coming down and semi-telegraphed […]
RichC | December 10, 2023
It has been a few years since we entertained the idea of “cutting the cord” when it comes to cable TV. I’m once again inching closer as Altafiber (acquired Cincinnati Bell and Fioptics) has bumped up prices and forced an equipment update on us. It is both good and bad … since I’m not really […]
RichC | December 9, 2023
This would be a great photo of Brenda and Taylor, but for being a blurry selfie (click to see larger). Oh well, I enjoyed seeing the two of them out for their annual mother and son Christmas shopping and evening dinner. I hope they were successful? While they were out, I did my annual the […]
RichC | November 15, 2023
After one year of Costco Executive membership it was time to ask the “is it worth it” question. Thankfully for us, after one year, it did pay for itself for the first year. For us, at least for the first year, being an Executive Member vs Gold Star Member at Costco did pay off, but […]
RichC | November 14, 2023
It is hard to believe that Brenda and I have been with the same insurance company for auto and home since 1982. I’ve rarely put in a claim (although the basement water damage comes to mind), but after a $400 renewal bump in our automotive policy that Liberty Mutual could not tweak or requote lower, […]
RichC | October 28, 2023
What is there about October that upsets people and financial markets? For nearly a century investors get nervous this time of year. Unfortunately watching the market as closely as I do, one would think I would have sold stocks at the first sign of trouble in October. Nope, I expected better from a few of […]