Politics Archives - The Big Picture

Perhaps the most overlooked element in the “affordability hoax” is the president’s own role in it. Before...

Note: The Big Picture has been re-publishing Bob Lefsetz’s work for over 20 years(!). His contrarian perspecitve is...

I’ve been thinking about the president’s second-term tariff policy for about 8 months now. Even before the...

‘Where the hell is the market risk?’ – Scott Bessent, United States Secretary of the Treasury Whenever I...

I’m on the road visiting our new office in Chicago and then heading to meet clients in San Francisco. However, after...

I discussed much of this in my Q2 2025 RWM client quarterly call on April 5. I am sharing this now because so many questions have...

This market has been trying to digest a series of unexpected policy disappointments. Most corporate executives thought we...

Calculation: BEA Table 3.1 Line 20 (Current Expenditures) divided by Table 1.1.5 Line 1 (GDP). Alternatively, Item #2 below divided by...

You’ve got to be willing to question the system. That was what Napster was about. That powered all the change at the...

Last week’s “Tune Out the Noise“ was my suggestion that investors should not get drawn into the firehose of...