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I Was Wrong.
My long-term prediction has been proven wrong. For the past 2-3 years, I have expected that the Fed would drop the target rate to near-zero in this time frame (Spring 2024). My reasoning, now disproven as the Fed has announced it will hold rates steady, was as follows: I believed the Fed would yield to…
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TikTok Is Not The Target
This week, the incumbent Russ Fulcher voted in favor of H.R. 7521, a bill which sells itself as a means to ban TikTok and other foreign-owned social media companies that use algorithmic manipulation to propagandize their users. This bill is horrible, and Mr. Fulcher should be ashamed of his vote. Social media sites and apps…
