{"id":86763,"date":"2025-03-22T01:00:56","date_gmt":"2025-03-22T08:00:56","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=86763"},"modified":"2025-03-27T08:01:10","modified_gmt":"2025-03-27T15:01:10","slug":"black-coffee-22-mar-2025","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id86763-black-coffee-22-mar-2025.html","title":{"rendered":"Black Coffee: Changing the Rules"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a wonderful week. And with that, let’s get right to this week’s commentary, shall we?<\/p>\n

Rules are made for people who aren’t willing to make up their own.<\/em><\/p><\/blockquote>\n

– Chuck Yeager<\/strong><\/p>\n

Whoever has the gold, makes the rules.<\/em><\/p><\/blockquote>\n

– Johnny Hart<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? A lot of economists are now saying a recession is on the horizon<\/a>. On the other hand, many others would say we\u2019ve been in a recession for a long long<\/strong><\/em> time now – especially after the government decided to change the long-accepted rule that formally defined a recession back in 2022. Oh, yes; they most certainly did:<\/p>\n

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Debit:<\/strong><\/span> Meanwhile, a new study has determined that the now-infamous Inflation Reduction Act that became the law of the land three years ago could cost taxpayers as much as $4.7 trillion<\/a> by 2050. For those not counting at home, that’s roughly 12 times the originally-stated cost – never mind the inflationary costs this law unleashed. Not surprisingly, it also made a lot of politicians and their \u201cgreen\u201d energy cronies in the private sector wealthy. What a disaster. Now if only people would stop falling for these kind of scams.<\/p>\n