RichC | November 28, 2018
The Dow closed up 618 points on Wednesday after the Federal Reserve chief Jerome Powell indicated that "interest rates are just below the neutral level that neither aids or hinders economic growth." Investors looking for something positive as they wait hoping for some good news during the G-20 meeting between President Trump and China’s Xi […]
RichC | November 13, 2018
After Monday’s selloff (see below), what lies ahead for the U.S. economy? That thought has some of seriously thinking the next economic downturn could come sooner rather than as expected … later. The sell off … "again" … has me wondering if we are prepared for the next recession? Is the U.S., or the world, […]
RichC | November 7, 2018
The midterm election is finally over and those who are tired of pile of flyers in their mail, phone calls, email spam and still watching cable TV network stations are no doubt thankful that is the case. As for the results, each political party can claim some degree of victory. The Democrats definitely gained ground […]
RichC | November 6, 2018
This year Brenda and I voted absentee … or by mail. I knew it was an important mid-term and wanted to be sure our votes counted, but do miss the feeling of standing in line with others and waiting my turn at the polls. That said, minus the hiccup with our verification system (missing digits […]
RichC | November 4, 2018
Americans are finally working again and the U.S. is once again the place for businesses to expand, hire, give raises and grow. For all the questionable rhetoric from the far right and left extremes … and yes, from President Trumps’ "tweets" and biased media reporting … the actual governing under his administration and a GOP […]
RichC | November 2, 2018
As the positive economy in the U.S. continues to grow America out of the "great recession" and rebound off the slow growth Obama years, we are seeing signs of inflation, hopefully just the right amount. Wages are rising and businesses sense they have pricing power and can raise prices (their cost are up too). Consumers […]
RichC | October 26, 2018
For those who watch the stock market, today was another one of those October trading days that can give one the willies. It was a reminder of the dreaded Octobers of the past and added to the steepest indices October decline since the 2007-2008 crisis. Still, the economy is sound, company earnings are good (tech […]
RichC | October 12, 2018
Q: Why am I not surprised to see U.S. stocks extend Wednesday’s ugly losses with more selling on Thursday? A: Because it is October! Well because the talking heads that “I listen to” point out just how strong our economy is and that corporate earnings are strong, consumer confidence high and the regulation and tax […]
RichC | October 6, 2018
As we watch the Brett Kavanaugh hearing play out in the political circus that has become Washington DC politics, some Americans have lost sight that there are actual people and lives at the center of these hearings. Senate confirmation hearings were once straight forward, and usually concluded with a vote to confirm, if the appointed […]
RichC | October 1, 2018
Air Force One is parked at Joint Base Andrews in Prince George’s County. Want to board? Run for the highest office in the land or join the White House press corps. Or, for a slightly easier route, visit National Harbor as of Oct. 19, when what’s billed as an “identical model of the president’s aircraft” […]
RichC | September 26, 2018
Although I suspect Google management and most of their Silicon Valley employees are of a left-leaning tilt, there reminder and LINK to "register to vote" is a great universally welcomed message. Hopefully ALL U.S. citizens will exercise the privilege to vote come this November … although personally disagree with non-citizens and illegal aliens voting in […]
RichC | September 20, 2018
If the stock market is worried about another round of China tariffs, it sure doesn’t show it. Thursday saw the DJIA back to its record high from earlier this year. The S&P 500 did the same and even the Nasdaq was positive although off the higher record area earlier this year … but not by […]
RichC | September 2, 2018
The nations’ citizens, Washington DC elites and the news media devoted significant time to honor and mourn with Senator John S. McCain’s family last week and especially on Saturday. I watched the funeral proceedings and memorial events along with much of the country who recognized his devotion to country. His loyalty to the men and […]
RichC | September 1, 2018
Some interesting results using my birth town and the "number of 90 degree days" in a New York Times "tool" which I interpret as wanting to alarm us into action over the "human induced climate change" projections. If you haven’t already dug your heels in with an opinion (likely influenced by politics either way) … […]
RichC | August 30, 2018
Of course perception is everything, but here’s a pretty good indicator regarding the media and their reporting/stories bias. About the political L and R split you expected?
RichC | August 26, 2018
I may have pick up my favorite political book of the year with Salena Zito and Brad Todd’s "The Great Revolt: Inside the Populist Coalition Reshaping American Politics." It analyzes the unusual rise of once "long shot" billionaire reality-tv GOP candidate Donald Trump who defeated 17 other Republican "politicians" and chipped off enough disgruntled Independent […]
RichC | August 25, 2018
“Fairwell fellow Americans. God bless you, and God bless America.” — John S McCain As an American citizen, and supporter of Sen John McCain for many years, it is sad to see his last fight was with cancer. The nation owes him great honor his years of service to our country. From his heroic suffering […]
RichC | August 25, 2018
Here’s a great explanation of the history and current role of Pharmacy Benefit, Managers (PBMs) as it relates to health care, drug cost and insurance plans. LINK to Marketplace story
RichC | August 9, 2018
Unions have slowly been losing their grip on "laws" in each state over the years as workers want to be able to choose whether or not they want to belong to a union (and pay the dues). Several states have passed "right-to-work" laws giving those workers that freedom … but others have not adopted "independent […]
RichC | August 2, 2018
Perhaps it is a sign of the times, but with all the political hate and violence over someone expressing their first amendment point of view, I had to second guess myself in wanting to add my NRA renewal stickers to my cars. In the end, I added them to the old Mercedes and BMW X5 […]
RichC | July 16, 2018
HELSINKI—President Donald Trump on Monday publicly questioned U.S. intelligence agencies’ conclusion that Moscow interfered in the 2016 presidential election while standing beside Russian leader Vladimir Putin, saying he “didn’t see any reason why” the finding would be true. Mr. Trump said he and the Russian president “spent a great deal of time” discussing the matter […]
RichC | July 5, 2018
Although Mt Wilber in Glacier National Park is beautiful (photo left, what a trip!), there is also something to be said for another beautiful thing … the signs behind President Trump at his Great Falls, Montana rally. Like the POTUS or hate him, he seems to be the rare politician working diligently to fulfill many […]
RichC | June 24, 2018
While there is no doubt the "fabricated" Time magazine cover photo has impact and tugs at everyone’s heartstrings, the deeper story represents far more than the current illegal immigration debate over separating children from those who bring them across the U.S.-Mexican border, whether with parents, relatives or traffickers. ("fabricated" in that the photo is obviously […]
RichC | June 14, 2018
Americans are struggling once again with carrots, sticks and tariffs event though throughout our history we have always been advocates for "free trade" … believing that in the end open trade wins. Unfortunately it isn’t always that simple when it is your job, your house and your life on the line. It is understandable that […]
RichC | June 13, 2018
Just an impressive photo for North Korea to sleep on (and me to include on my blog) … and just in case Kim Jong Un is having second thoughts regarding his historic handshake and agreement with President Trump at the Singapore Summit. Let’s hope we are all on the same page and that hardliners in […]
RichC | June 8, 2018
It is with great sadness to hear cancer has returned for one of the brightest political minds and talented writers of our generation. Charles Krauthammer, who has been included in several blog posts over the years, sent a note out today to his colleagues and many friends. Most who follow politics have appreciated his writing […]
RichC | May 17, 2018
I had a discussion early this week regarding the protests over the opening of the U.S. Embassy in the capital of Israel – Jerusalem. The embassy’s move has been promised by the last few presidents, but finally followed through on by President Trump. For all his bloviating and questionable behavior, he does seem to prioritize […]
RichC | April 11, 2018
With freedom desired by nearly everyone on earth and history clear as to choice and “the market” lifting our standard of living, why do so many young people embrace socialism and big government?
RichC | March 10, 2018
A simple explanation of crony capitalism in this Prageru video, but a challenging to stop corruption that exists with politicians running governments.
RichC | March 7, 2018
The long time investigative correspondent for CBS, Sharyl Attkisson did an excellent job of “fairly” building a timeline in the “Collusion against Trump” details on her website. If you really want to understand what we know so far regarding the Russian connections, it is worth at least skimming the points below. On a separate note, […]
RichC | February 13, 2018
Somewhat timely shared archived New York Times newspaper clipping (click image for larger) from 100 years ago. The February 6, 1918 article (tweet below) had me thinking about those in our country handling information that puts operations and the security of our many service personnel and undercover operatives at risk when politicians, intelligence bureaucrats in […]
RichC | February 10, 2018
Here is the short take from the guys who wrote #thememo. No matter which political party is using the FBI, Department of Justice … or for that matter IRS or other agency … in order to stack the deck to achieve their favored political outcome, it has to stop. Those abusing power need to be […]
RichC | February 2, 2018
I played the “high risk, high reward” game on Friday while watching most if not all stocks collapsed over rising interest rate concerns. It looks more likely that the Federal Reserve may have to be more aggressive in raising rates in order to control inflationary pressures after the jobs report. Unemployment is low, the economy […]
RichC | January 30, 2018
With a rebounding economy, strong stock market and job opportunities for all who want to work … there is optimism in the country. President Donald Trump capitalized on the positive attitude most American have and highlighted the recent tax cuts as something all will start to see in their paychecks this year. Besides the IRS […]
RichC | January 28, 2018
Delivering commonsense “tough love” clarifications and explanations of financial issues has always been a Dave Ramsey strength. After the Trump administration finally moved their tax plan through congress, Dave offered a 10 minute explanation as to whether it was a good thing or a bad thing. If you are steeped in years of seeing things […]
RichC | January 26, 2018
We watched the premiere David Letterman series on Netflix with President Barack Obama the other night and both Brenda and I were impressed with the likeability our previous president exhibited – reminiscent of why he was elected in 2008 (Letterman, not so much). Obama was baited numerous times by David Letterman to weigh in negatively […]
RichC | January 21, 2018
We are dealing with a government shutdown once again. Our ineffective elected politicians in Washington DC can’t figure out how to work together in a way to even keep the federal government doors open for business … let alone do the actual work to improve the country without making someone suffer (those depending on a […]
RichC | January 15, 2018
Today, January 15, 2018, our nation celebrates the life and accomplishments of one of our greatest Americans on his national holiday, Dr. Martin Luther King Jr. This past Friday, President Trump signed a proclamation that honors Dr. King by designating his birthplace, church and tomb as a National Historic Park. Along with the president’s respectful […]
RichC | January 11, 2018
While eating out on January 9th, I stealthfully pick up the check for a local police officer just as I’ve seen others do in the past. I find a gesture like this is a polite way to let street officers know we have their backs and appreciate them for the tough and often thankless job […]
RichC | December 19, 2017
Although I have the traditional conservative view that one’s gender is in our DNA and one that we are born with, I understand there are those who differ. Let’s at least try to agree as a nation that we should at least protect young kids and early teens from the irreparable damage parents and doctor […]
RichC | December 15, 2017
Another record high on Wall Street as once again the financial markets believe the Republicans in congress will finally get promised tax reform across the finish line. Even if Democrats see some benefits (many agree US corporate taxes are too high) they haven’t contributed in the GOP plan; they likely will continue to oppose anything […]
RichC | December 11, 2017
After years of leading the "clean diesel" push and getting their hand slapped for cheating on emissions testing, Volkswagen looks to be giving up on fossil fuel or at least diesel cars. In fact according the New York Times, VW wants the German government to phase out subsidies they lobbied for for years that favored […]
RichC | November 7, 2017
Ethics in journalism, particularly political content, continues to disappear as the line between editorializing and reporting is blurred. Most who consume "their" brand of NEWS recognize there is truth to the sarcastic #FakeNews hashtag on social networks and President Trump’s regular "tweets" complaining about how his administration is treated by the #MSM (Main Stream Media). […]
RichC | November 3, 2017
On Thursday, the long awaited Republican tax reform plan finally saw the light of day after most political and financial watchers haggled over the unknown details most of this year. President Trump has made tax reform and cuts as his centerpiece agenda as essential to growing the economy and stimulating job and wage growth for […]
RichC | October 13, 2017
The early 1980s were challenging as manufacturing headed overseas, inflation ate up the buying power of every dollar and the cost to borrow was at an all time high. In fact, Brenda and I were giddy to have acquired a 12% mortgage on our first house in 1982 because our friends were applying for new […]
RichC | October 7, 2017
A friend of mine is receiving his first social security check this month and so I’ve been doing some reading on the subject (it is a long way off yet for me … just in case readers had me already over-the-hill!) One of the biggest concerns for those nearing retirement and doing calculations is that […]
RichC | October 5, 2017
One may have thought that the divided nation after the election and political chaos in putting together an administration that worked well together would have been the biggest challenge for the unconventional President Donald Trump when it comes to being POTUS, but after the last 30 days you would be wrong. The president has faced […]
RichC | October 4, 2017
A little bit of research highlights which of the Dow 30 companies benefit from corporate tax reform and which one are currently better at working the existing complex tax code. Company Ticker Median effective income-tax rate – past five reported quarters UnitedHealth Group Inc. US:UNH 40% Home Depot Inc. US:HD 36% Verizon Communications Inc. US:VZ […]
RichC | September 28, 2017
President Trump will roll out his administration’s tax reform plan on Wednesday, seeking reductions in both the corporate and individual income tax rates, while doubling the standard deduction. The plan would cut corporate taxes from 35% to 20%, while dropping the top individual tax bracket from 39.6% to 35% and collapsing the current seven brackets […]
RichC | September 26, 2017
Since I’ve been watching the Ken Burns and Lynn Novick PBS Vietnam War 10-part series, it is not surprising that once again that some in the United States have an issue over perceive inequities (or something). Unfortunately peaceful protestors again take it out on those wearing a uniform? Very sad … one would think that […]
RichC | September 7, 2017
Obviously the "promises" made by the Obama administration, and the Democrats who passed the Affordable Care Act (ACA), have failed us … and the current GOP controlled congress have failed to fix, repeal or replace (their promise if elected). Who in middle class America can afford health insurance at $1000/mo with a $12,900 deductible? As […]
RichC | August 7, 2017
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RichC | August 3, 2017
Just one more irritation as to how politicians spend tax dollars … and line their own pockets. For the past couple of decades, the private sector has been struggling … particularly the blue collar worker and mid to lower management employees. Pensions are non-existent, benefits eliminated and health care for the private sector a nightmare! […]
RichC | June 13, 2017
There was a time when I thought I could count on Republicans who now control the House of Representatives, Senate and Whitehouse in Washington DC to reduce taxes — how naïve of me. The latest going around is how "gasoline and diesel taxes haven’t been increase in years and how they need to go up […]
RichC | June 4, 2017
From a small business perspective, excessive debt is near the top for reasons entrepreneurs fail in business. In my experience there are bankers and leasers with terms in the lenders favor, but not in the borrower’s favor. Bankruptcies are harmful not only to the person and family going through the ordeal, but on the creditors […]
RichC | May 16, 2017
The Kindle ebook reader is my preferred choice ever since getting my "own" ereader. My buddy Jeff has found a new way to entertain me … gifting Amazon books (this one for my birthday). I sense that he assumes everybody reads as much as he does? I assure you that I do not … but […]
RichC | April 26, 2017
What a start to the week for the stock market! There is optimism that something "will" get done with taxes, unlike #RepealAndReplace legislation. The news is that President Donald Trump will be unveiling his proposal to cut corporate taxes on US companies’ foreign profits and slash the top tax rate has investors in the "buy" […]
RichC | April 5, 2017
As California Congressman Tom McClintock (R-CA) excogitated his ideas and explained the slow progress of repealing and replacing Obamacare with Neil Cavuto, he quoted one of his late fellow Californians, Paul Masson, "We will sell no wine before its time." How apropos to healthcare reform (listen or watch below). That wasn’t the only smart saying […]
RichC | April 1, 2017
The “Trump Rally” as many have dubbed it, provided investors with solid quarterly gains as a brighter economic outlook offset the lackluster Washington DC agenda which has become bogged down in politics. Investors still believe job growth, better corporate financial returns and tax cuts will over shadow the Fed “applying the brakes” in the form of higher […]