{"id":86876,"date":"2025-03-29T01:00:07","date_gmt":"2025-03-29T08:00:07","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=86876"},"modified":"2025-04-02T08:42:27","modified_gmt":"2025-04-02T15:42:27","slug":"black-coffee-29-mar-2025","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id86876-black-coffee-29-mar-2025.html","title":{"rendered":"Black Coffee: Covering the Bases"},"content":{"rendered":"

\"hurricane-flags\"<\/a>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

Another busy week is crossed off the list. So without further ado, let’s get right to the commentary …<\/p>\n

Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.<\/em><\/p><\/blockquote>\n

\u2014 Antony C. Sutton<\/strong><\/p>\n

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

Debit:<\/strong><\/span> Did you see this? Americans\u2019 economic outlook is the poorest it\u2019s been<\/a> since 2013. As a result, the government\u2019s index for measuring consumers’ short-term outlook for income, business, and labor market conditions hit its lowest level in four years. For the second straight month the index reading has also triggered a threshold signal indicating that a recession is imminent. Well … unless the government changes the definition of what even constitutes a recession. Again.<\/p>\n

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Credit:<\/strong><\/span> Perhaps the struggling economy is why a bipartisan bill is floating around Congress that would cap credit card interest rates<\/a> at 10%. For what it’s worth, the president has indicated that he would sign the bill into law if it does get enough votes in both houses. Needless to say, that’s especially good news for younger credit card holders who are still struggling just to leave the nest. Or not \u2026 (Warning: Mature audiences only.)<\/em><\/span><\/p>\n