COMMENT: Marty, I was in Paris and visited the gold aureus of Saturninus. AI got this one wrong as well. When I asked if Saturninus existed, this was the response. As you have said, the academics refused to acknowledge the history because they had never heard of it from any other source, and declared that […]

People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, but that is merely propaganda. You must understand that Bitcoin is simply a trading vehicle, not a currency. I cannot stress that point enough. My opinion […]

The primary difference between mutual funds and ETFs (exchange-traded funds) is that while an open-end mutual fund is priced once based on the market closing, ETFs, as well as closed-end mutual funds, trade all day. This actually goes back to the Panic of 1966 when mutual funds were open-ended but traded on the exchange and […]

  As the story goes, the famous last words attributed to John Adams on July 4, 1826 (the 50th anniversary of the Declaration of Independence) were: “Thomas Jefferson survives.” The profound historical irony was that Jefferson actually died first. Thomas Jefferson died several hours earlier that same day at Monticello on July 4th – the day of […]

Yet another blue city is experiencing a substantial deficit due to government overspending. Denver Mayor Mike Johnston declared in May that the city was facing a $50 million budget deficit for the current fiscal year that is expected to explode to $200 million by 2026. The city’s general fund reserves have declined from $391 million […]

The city of Los Angeles declared a state of fiscal emergency amid a $1 billion deficit. The council approved of the emergency declaration unanimously in a 14-0 vote. This comes after Mayor Karen Bass approved a $14 billion budget for the fiscal year that began on July 1. The city is a prime example of […]

The PYMNTS Intelligence report “Financial Lifestyles Shape Credit Reliance” revealed that American consumers are struggling to afford the basic essentials. Prices have been elevated since the worldwide pandemic shutdown the global economy and have not gone down in a meaningful way. The study found that 43% of American households who are a paycheck away from poverty […]

Market Talk will momentarily pause until July 8, 2025. ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 501.06 points or -1.24% to 39,986.33 • Shanghai increased 13.32 points or 0.39% to 3,457.75 • Hang Seng closed • ASX 200 decreased 1.20 points or -0.01% to 8,541.10 • SENSEX […]

New York City’s far-left mayoral candidate Zohran Mamdani is the human embodiment of the WOKE Socialist agenda. His “progressive” views are based on policies that have failed countless times. Mamdani’s most recent proposal has sparked controversy as he believes that predominantly white neighborhoods should pay higher taxes. Socialists feed on increased taxation to support the […]

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 336.60 points or 0.84% to 40,487.39 • Shanghai increased 20.20 points or 0.59% to 3,444.43 • Hang Seng decreased 211.87 points or -0.87% to 24,072.28 • ASX 200 increased 28.10 points or 0.33% to 8,542.30 • SENSEX decreased 452.44 points […]