Musings
IPO Investing - A Word of Caution
The most eye-catching news making the rounds currently is the initial public offering of the Newsmax channel, which took place when the bell rang on Monday. The stock rose an astonishing 735% on the first day of public trading, and then rose another 60% on the second day. The investment bankers were asking for $14 a share in the initial offering, but by the end of the second day, some investors were paying more than $200.
The Markets Go On Sale
It’s fair to say that the Trump Administration’s tariff announcements have not had the desired effect — at least, not immediately. The S&P 500 fell 2.7% on Monday after dropping more than 5% the previous week. Investors are clearly rattled about the uncertainty of waging escalating trade wars on America’s biggest trading partners, and there are additional concerns that the trade barriers being erected in retaliation could lead to a recession.
Student Loan Chaos
You can forgive people with student loan debt from feeling confused and somewhat frustrated. The Department of Education has shut down a key portal, without explanation, that defines the repayment amounts for millions of college-related loans.
Why Are Eggs So Expensive?
The price of eggs is in the news today—and no wonder. A dozen white Grade A chicken eggs—not the more expensive kind laid by free-range-chickens—reached a shell-shocking price of just under $5.00.
It Is Never Time to Panic
With the unprecedented restructuring wave going on across the federal government, unorthodox (to put it mildly) personnel management, appointment of candidates with little or no background in the departments they’re running and a wave of tariffs the like of which the world hasn’t seen since the 1930s, it’s easy to imagine that something might go wrong with the U.S. economy in the fairly near future.