An overvalued president of an overvalued stock market

Financial markets have always controlled governments. Just ask Liz Truss or Matteo Salvini how. And in 2025, the stock market may sink President Trump.

God, climate change and the deficit on Thanksgiving

We had spent the day before Thanksgiving splitting firewood. All day, we loaded the logs — oak, locust, cherry, and poplar — onto the splitter. Once split, the fire logs were stacked in the barn.

Will the BRICS put up with more abuse, or divorce the dollar?

Each financial boom and bust sears a new piece of obscure finance jargon into our memory. And in 2025, we’ll be adding a new one to that list: BRICS.