In yesterday’s commentary, which was prepared earlier in the week, I proposed looking at the estimated tariff shock as equivalent to a new $2/gallon gas tax.
As new tariff announcements have been made through this week, however, that estimate now appears to be too low.
I am traveling to Leen’s Lodge for Camp Kotok next week. I paused yesterday in Bucksport, Maine, looking across the water at Fort Knox (a Civil War-era fort), to comment on the evolving tariff shock in a Kotok Quick Take.
In response to recent KR commentaries regarding Social Security and Social Security disability benefits funding, two highly qualified readers weighed in with more food for thought.
This Sunday, we examine the half century that followed the creation of Israel in 1948, as conflicts flared and efforts to forge peace fizzled.
An astute reader asked how much money is involved with the Social Security Trust Fund shortfall.
We look at how planetary heat presents challenges for human health, farming, governments, market agents, and more.
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