Daily Brief: Six Years From Insolvency — the Social Security Clock Keeps Ticking
Social Security's trust fund is six years from insolvency. Yesterday's 3.6% COLA is a reminder: without reform, a 22% benefit cut hits every retiree in...
Daily Brief: OASI Trust Fund Hits Q4 2032 Depletion Date — 22% Benefit Cut Looms Six Years Out
Social Security's retirement trust fund is now projected to run dry by Q4 2032, one quarter sooner than last year. The 75-year shortfall swelled to...
Daily Brief: Warsh’s First Jackson Hole Keynote Looms as Claims Slip to 203K and Bond Stress Mounts
Fed Chair Kevin Warsh's first Jackson Hole keynote lands Friday, with inflation at 3.4%, the 30-year at 5.31%, and claims at 203K.
Daily Brief: Bond Rout Pauses as Markets Brace for Hawkish FOMC Minutes
Treasury yields retreat from 19-year highs ahead of FOMC minutes that could reveal deep division — three officials already dissented in favor of hiking...
Daily Brief: Social Security’s OASI Fund Runs Dry in 2032 — Six Years to a 22% Cut
Social Security turned 91 with six years to go: OASI's depletion date moved up to Q4 2032, leaving a $270B cash deficit and a 22% cut looming.
Daily Brief: Social Security’s Clock Just Moved Forward — Six Years to a 22% Benefit Cut
The OASI trust fund will be empty by Q4 2032 — a quarter sooner than last year’s projection. Here’s what the $31 trillion shortfall means for every...
US Treasury – 30 Year TIPS Auction
On Thursday February 2024, the 30 year TIPS treasury auction will take place and we are picking up some of these bonds for the long haul. We think this investment…
More Rate Hikes, More T-Bills
CNBC is reporting that the Fed is concerned about inflation be rekindled and based on most of the economic data coming out lately, it sure seems like people are continuing…
Portfolio Update
It’s time to do a portfolio review of where we stand so let’s take a look at some key equity positions. While we are mostly sitting in T-Bills earning 5…
17-Week T-Bill 4.57 Percent
For 2023, our investment strategy has changed slightly. Given the Fed’s December meeting minutes indicated the Fed has no intention of lowering interest rates in 2023, we feel it prudent…