You've been reading about the Biden economy's food and material shortages. Now a fuel shortage is taking shape. Airlines are reporting a lack of jet fuel available at airports, especially in the western half of the country. CNBC's Leslie Josephs reports: American Airlines on Monday said it might have to add stops to certain flights because of fuel delivery delays at some small and midsize airports and asked pilots to save fuel when possible, the latest headache during a surge in summer travel. The carrier said airlines, including American, have experienced the delays due to a lack of truck … [Read more...]

Throughout its history, the IMF has not been known as an institution of inflation hawks. But just recently, the organization has issued an alert on the risk of inflation that could be more than just transitory. Silvia Amaro reports at CNBC: The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has been busy contemplating whether a recent surge in consumer prices is here to stay. In the U.S., the consumer price … [Read more...]

The number of mortgage applications dropped by nearly 24% in June compared to the year before as potential homebuyers have been scared away from purchases due to long delays in building, and high prices for homes. CNBC's Diana Olick reports: “The single family market in particular desperately needs more new homes, especially on the lower end where first-time home buyers need some price relief and more supply choices, but we also know that it is getting more and more difficult to deliver from a builder perspective at the wanted price points,” said Peter Boockvar, chief investment officer at … [Read more...]

You know that when it comes to making money, my number one investment is YOU. You’re the one who’s saving money, doing less with more, and taking care of your family. You’re the one doing what it takes. But somewhere along the line, your success makes doing what you do just a little bit more difficult. Sure, you know how to make money. But now what? What you need to figure out is how to keep it, and get a little growth to keep pace with inflation. I know. Easier said than done. In my conversations with you, you’re telling me about the business environment in your neck of the woods. … [Read more...]

You read yesterday about the shortages of food facing summer camps, forcing them to close down. And inflation is something every American is worried about right now, as Bidenomics takes a toll on Americans' savings. Now, inflation is hammering summer vacation for mom and dad too. Higher prices for seafood have forced a local Rhode Island seafood landmark, Flo's Clam Shack, to stop serving its famous fried clams. They just cost too much. Newport Daily News reports: Shellfish are the backbone ingredient for many of New England’s most iconic dishes, but prices for some of the more popular … [Read more...]

At what turned into a disastrous CNN Townhall for Joe Biden last night, he was asked by a restaurant owner how his administration is incentivizing people to get back to work. The obvious implication was, with all the extra unemployment benefits and stimulus being handed out like candy by the Treasury, why would anyone go back to productive employment? Rather than even attempt to explain efforts by the administration to put people back to work, Biden arrogantly blamed the restaurant owner for not paying enough. As though there's an unlimited pot of money owners can tap into to pay whatever … [Read more...]

OK, stocks go down, as witnessed by yesterday’s 700-point drop in the Dow. Does that mean it’s time to panic? Well, that depends on how you’re invested. If you’re with me, as I hope you are, you know that stock market drops are a blessing in disguise to Your Survival Guy. Because when prices are lower, I smile at the better prices I’m getting with reinvested dividends. It’s like real estate. Imagine you’re a landlord like Your Survival Guy was in his early- to mid-twenties. My multi-family in Marlborough, MA, was a cash-generating machine. Rents would come in every month. I’d pay down the … [Read more...]