At the risk of being repetitive and potentially boring, we find it necessary to point out that inflation managed to find a new recent low. The annual inflation rate at the end of October came in at 3.2%, and the rate for the month of October (drum roll) was zero percent(!). That’s right, for one…
Almost three weeks ago, terrorists from Hamas launched an attack on Israeli citizens in southern Israel. For several days thereafter, fighting escalated as Israel fought back. And the more than two hundred people who were kidnapped during the initial attack continue to be held as hostages in Gaza. This conflict has the potential to become…
Late last year, a slew of worrisome economic data suggested that a recession was right around the corner. And suddenly EVERYONE was bracing for a downturn in the economy. Many were calling it the most anticipated recession of all time. At BCWM, we were also on recession watch. The same troubling data had us concerned.…
Recently, Fitch, one of the three big credit-rating agencies, downgraded the debt of the United States from AAA to AA+. Fitch’s reasoning boils down to high and growing levels of government debt and an increasingly dysfunctional government. There are several things to point out about this downgrade. First, the downgrade means very little. There is…
In February 2022, Russia invaded Ukraine, and at the time, conventional wisdom seemed to say that Russia was so massive and powerful and Ukraine so much smaller and not powerful that it would be a rather short conflict. Sixteen months later, the ultimate outcome still seems rather in doubt . . . particularly after this…
