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Beware of False Prophets
Beware of False Prophets

Earlier this week, Axios interviewed Anthropic CEO Dario Amodei and they advertised the comments from Amodei with the stunning headline, “AI could wipe out half of all entry-level white-collar jobs.”

All Eyes on Congress and Our Waning Fiscal Credibility
All Eyes on Congress and Our Waning Fiscal Credibility

“We expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending, and relatively low revenue generation. We anticipate that the federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.” Moody’s Friday May 16th

H.O.P.E. Starts with Housing
H.O.P.E. Starts with Housing

It is very unlikely we see a recession without a housing recession or an acceleration in the economy without housing leading the way.


Making Sense of the Senseless
Making Sense of the Senseless

Markets are intuitively rallying as it appears trade wars are ebbing and institutional investors find themselves wrong-footed. That said, tariffs have not gone away altogether, and they are and will be a regressive tax on working class Americans. They will also continue to disincentivize capital spending and hiring intentions.