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Ripple Effect

G’Head Vote For The Socialist… Then Watch Your Wallet

Loading ...Addison Wiggin

June 25, 2025 • 1 minute, 8 second read

socialism
G’Head Vote For The Socialist… Then Watch Your Wallet

The people of New York City went to the polls yesterday, picking the upstart do-gooder Zohran Mamdani, a 33-year-old immigrant, to be the city’s next mayor.

Mamandi ran as a full-throated socialist with retread policies like freezing rents and government-run grocery stores… because, well, those kinds of policies worked so well in the Soviet Union, to name one historic place to mandate them. 

Guess what happened after voters checked the box for Mamdani? They fired up Google to search the term “socialism”:

As Nancy Pelosi once quipped about Obamacare, “We have to pass the bill to see what’s in it.” (Yes, she really did say that.)

This is a fair warning to the people of New York City: when you vote on “the vibe” rather than common sense, bad results are likely. 

Mamdani still faces the general election. Historically, Democrats have a significant advantage in the Five Boros. But on occasion, Republicans win – think Rudy Giuliani and Mike Bloomberg. 

Still, even in the mayoral race, Mamdani was running against the “fascist” Donald Trump.

“Fascism” – another buzzword hyped up nationwide by AOC and Bernie Sanders – is sure to send people to Google search, too. 

Our forecast: People and smart money will continue to leave New York. Those on the receiving end, such as Texas, home to the New York Stock Exchange’s latest location, will benefit.

~ Addison

Gold: The Only Thing Standing Still

July 11, 2025 • Dominic Frisby

Since the US confiscation of Russian assets in 2022, pretty much every pull back to 50-day moving average (red line) has been bought, and they continue to be bought. The average is now flattening out, as you would expect with this summer consolidation, rather as it did late last year. Some sideways consolidation is good. Ideally, you want to see the short-, medium- and long-term moving averages all flatten and converge. There often follows a big move higher.

Gold: The Only Thing Standing Still
Households Get It, Even if Governments Don’t

July 11, 2025 • Addison Wiggin

We know many consumers continue to live paycheck to paycheck. After spiking higher, the drawdown in savings—cash that can be used in an emergency—is back to pre-pandemic levels.

While the overall debt picture is ugly, in some ways it isn’t – and that it may take some more time for a debt crisis to reach a kitchen countertop near you.

Households Get It, Even if Governments Don’t
The Rally That Didn’t Flinch

July 11, 2025 • Addison Wiggin

As we knock off for the week approaching mid-summer, it strikes us how hard it is to distinguish signal from noise. Markets defying gravity gives us pause.

Don’t buy in at elevated prices.

Keep your asset allocation in full view.

Buy cheap.

Sell dear.

It’s a funny old world, isn’t it?

AI is buying engineers like they’re first-round picks. The military is investing in rare earths like it’s the 1950s space race. Tariffs are flying, cocoa’s getting scarce, and your cereal may soon come with a luxury markup.

None of it, likely, concerns your portfolio.

The Rally That Didn’t Flinch
Matt Milner: Now You Can Buy SpaceX — Should You?

July 10, 2025 • Addison Wiggin

This new wave of tokenized shares is exciting. It has the potential to break down walls and democratize access to pre-IPO giants.

But at the moment, it’s also risky, opaque, and largely unregulated.

So while we applaud the innovation, we urge caution — especially if you’re being offered something that seems too good to be true.

Matt Milner: Now You Can Buy SpaceX — Should You?