In this 10 June 2026 published video, host Michael Bordenaro talks about how current Costco CFO Gary Millerchip warned that geopolitical instability, particularly related to military actions involving Iran, could trigger volatile global shipping schedules and spike domestic fuel costs. High fuel prices at the pump act like an implicit tax on households.
In this 8 June 2026 published video, host Michael Bordenaro talks about how U.S. employers recently added 172,000 new positions, more than doubling initial estimates and outperforming previous stagnant periods. Despite these surprisingly strong top-line numbers, a closer look at the data reveals that wage growth is being outpaced by inflation and that the labor market is highly concentrated.
