David Phelps

Jan 29, 2025 | newsmax.com | David Phelps

Minutes from the U.S. central bank’s latest meeting described the December rate cut as “finely balanced,” and some participants suggested keeping rates higher to continue fighting inflation. Officials claim inflation is now sticky, citing President Trump’s proposed policies as a catalyst likely to increase it. But is there any merit to their claims? Well, that’s a bit of a loaded question because, first of all, actual inflation is already far higher than reported by officials.

Jan 17, 2025 | newsmax.com | David Phelps

Since the election this past November, I’ve been closely watching for both big changes in our economy as well as the more subtle but often more impactful changes. The uncertainty that gripped the nation is slowly starting to lift, but what comes next is hardly predictable. Trump's return to office has sparked both excitement and anxiety in the investing community, and navigating this new landscape will require more than just hope and optimism—it will demand a strategic and proactive mindset.

Jan 7, 2025 | newsmax.com | David Phelps

Let’s get the awkward part out of the way first. Yes, I’m one of those grey-haired Boomers who grew up in a very different world than the one we all live in today. That being said, I’m also the guy people in the media come to for economic analysis when they want to tell their audience what’s really going on, and despite the claims by many financial “experts,” our economy simply doesn’t work for the majority of Americans any longer.

Dec 6, 2024 | newsmax.com | David Phelps

Now that the election has passed and the campaign post-mortem reporting has begun, it’s clearer than ever that America dodged a significant financial bullet. While campaigns have been spending obscene amounts of money for decades, the Harris campaign took it to an entirely new level, racking up a staggering sum of over $1 billion in spending and still ending up nearly $20 million in debt.

Nov 21, 2024 | newsmax.com | David Phelps

Like many Americans, I woke up after election day to see the outcome of one of the loudest campaign seasons I’ve experienced in years, if not decades. The 2024 election was a high-stakes event. Yeah, yeah, I know…we seem to hear that every election lately. “This is the most important election in our lifetime.” It gets tiring. But in this case, I believe it was true because of our country's economic state and the underlying fundamentals that will steer its future direction.