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May 14, 2026

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2 min read

The S&P 500 Just Hit a Record. So Did Wholesale Inflation.

One of these two trends is lying to you. The question is which one.

Ray Calloway
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May 13, 2026

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2 min read

Inflation Is 3.8%. But Your Fuel Oil Is Up 54%

The headline number hides a grocery receipt and a gas pump that tell a very different story.

Ray Calloway
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May 12, 2026

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2 min read

You Need $260 Today to Buy What $100 Bought in 1990

Your dollar didn’t shrink all at once. It happened 3% at a time, for 36 years straight.

Ray Calloway
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May 8, 2026

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2 min read

The U.S. Will Spend $1 Trillion Just Paying Interest on Its Debt This Year

That’s more than the entire national defense budget—and today’s jobs report won’t change a thing about it.

Ray Calloway
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May 7, 2026

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7 min read

In 2020, 51% of Americans Trusted the Medical System. Now It’s 32%

A 19-point drop in five years—the biggest confidence collapse Gallup has ever recorded for a major institution.

Ray Calloway
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May 6, 2026

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2 min read

Central Banks Bought 1,082 Tonnes of Gold in 2022. They Haven’t Stopped.

When the people who print the money start buying gold instead of holding dollars, that tells you something.

Ray Calloway
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May 5, 2026

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7 min read

Five Companies Will Spend $725 Billion Building AI This Year. In 2020 They Spent $107 Billion

Almost seven times more in six years. And if you own an index fund, you own this bet

Ray Calloway
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May 1, 2026

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6 min read

Yesterday’s Fed Vote Was the Most Divided in 34 Years

Four members broke ranks—and the guy replacing Powell hasn’t even started yet

Ray Calloway
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