the staff of the Ridgewood blog
Trenton NJ, A sobering new report from Truth in Accounting (TIA) reveals a deepening divide in the fiscal health of America. While some states are basking in “sunshine” surpluses, 25 U.S. states are currently “sinkholes,” lacking the necessary funds to pay their bills.
Continue reading Truth in Accounting Report : New Jersey in the Worst Fiscal Shape in the Nation
photo Treasury Secretary Scott Bessent
the staff of the Ridgewood blog
Washington DC, Treasury Secretary Scott Bessent signaled Monday that it may be time for a sweeping review of the Federal Reserve—beyond the current controversy over costly renovations—to examine whether the central bank is truly fulfilling its mission.
the staff of the Ridgewood blog
NEW YORK, NY — Wall Street is finally waking up to the consequences of the so-called “Sell America” trade, a strategy many analysts now admit was politically charged, shortsighted, and disastrous for investment returns. While doomsday narratives about the decline of American exceptionalism flooded the financial world, U.S. markets have defied the skeptics—proving once again that betting against the American economy rarely ends well.
the staff of the Ridgewood blog
Ridgewood NJ, inflation in April stayed surprisingly steady, even as experts warned that new tariffs could drive prices higher. According to a report released Friday by the U.S. Commerce Department, the Personal Consumption Expenditures (PCE) Price Index — the Federal Reserve’s preferred inflation gauge — rose just 0.1% for the month.
Continue reading April Inflation Barely Moves Despite Tariff Warnings — Here’s What the Data Says
