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Jun 23, 2026

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2 min read

Gold: $4,186 Yesterday. $1,824 Three and a Half Years Ago.

Central banks bought 3,220 tons from 2022 to 2024. Over 1,000 tons a year, three years running. That's governments moving reserves, not traders chasing a chart.

Ray Calloway
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Jun 19, 2026

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3 min read

The Federal Government Now Pays $3 Billion a Day in Interest Alone

That's more than every soldier, aircraft carrier, and base we operate worldwide — and it compounds.

Ray Calloway
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Jun 18, 2026

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3 min read

$41,000 of Your $100,000 Index Fund Bets on 10 Companies

For 25 years the top 10 stayed under 23%. Something shifted around 2015, and the number has not come back down.

Ray Calloway
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Jun 17, 2026

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3 min read

Bought a House in 2021? Moving Costs $863 More a Month.

Half of American homeowners are sitting on rates they can't afford to give up.

Ray Calloway
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Jun 16, 2026

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3 min read

The Fed Chair Just Walked Into 4.2% Inflation

No one since Volcker has started with a number this high.

Ray Calloway
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Jun 12, 2026

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2 min read

SpaceX Goes Public Today at 95 Times Revenue

Nvidia trades at 24x. Apple at 11x. Amazon at 4x. Then there's SpaceX.

Ray Calloway
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Jun 11, 2026

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2 min read

Gasoline Is Up 40% From a Year Ago. The CPI Report Just Proved It.

Inflation nearly doubled in five months — 2.4% to 4.2%.

Ray Calloway
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Jun 10, 2026

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2 min read

Wall Street Is Paying Dot-Com Prices Again

The last time it happened, investors waited 12 years to break even.

Ray Calloway
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Jun 9, 2026

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2 min read

The Middle-Class Economy Ended. Here's the Chart That Proves It

Top earners went from 36% of spending to 50%.

Ray Calloway
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Jun 5, 2026

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2 min read

Congress Just Committed $261 Billion to Immigration Enforcement

ICE and Border Patrol's first budget was $9.2 billion.

Ray Calloway
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Jun 4, 2026

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2 min read

Your Electric Bill Is Up 36% Since 2020. You Can Thank AI.

The rate barely moved for 20 years. Then data centers showed up.

Ray Calloway
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Jun 3, 2026

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2 min read

SpaceX Wants to Raise $75 Billion. The Biggest IPO Before It Raised $29 Billion.

Every record-setting IPO left early buyers disappointed. Here's what the data says before June 12.

Ray Calloway
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