GM is the government for cars again

General motors CEO Mary Barra seems to have learned from her rival Elon Musk From Tesla The first key to success in the electric car business is to lubricate the political system with government aid. She appeared at a White House event last Thursday to promote the Inflation Cut Act, the Democrats’ tax and spending … Read more

A bustling job market is putting “booming inflation” back on the map for investors

Instead, the concern has shifted to what a crowded job market and higher costs of everything mean for stocks and bond portfolios, especially if they turn into a combination of higher growth and inflation with staying power. What do we call such a scenario? “Boomflation,” said Kent Engelk, chief economist at Capitol Securities Management, pointing … Read more