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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

Joe Withrow: The Hollow Class, Part III

November 13, 2025 • Andrew Packer

What we’ve seen since 2008 is nothing short of a theft of the commons. Except it happened in little pieces that seemed unrelated at the time. But if we look at the story holistically, it all comes together.

When we step back and view the entire picture, what emerges is not just a story of market excesses and economic shifts. What we see is the gutting of middle America – be it intentional or otherwise.

Now the question is – are we going to see the restoration of the American middle class in the coming years… or are we going to watch everything devolve into a modern redux of the War Between the States, more commonly but mistakenly known as the American Civil War?

Joe Withrow: The Hollow Class, Part III
Performative Clowns

November 13, 2025 • Addison Wiggin

Today’s Washington isn’t governed so much as stage-managed.

Politicians don’t solve problems; they perform them.

The current fixation is affordability — a word that will be repeated ad nauseam from now through the 2026 midterms, until it becomes as meaningless as “bipartisan.”

The script hasn’t changed in decades: promise relief, pass a law that raises costs, blame capitalism, hold hearings, fundraise, repeat.

Performative Clowns
A Bubble in Bubble Talk

November 13, 2025 • Addison Wiggin

Yes, Nvidia’s profits are up 500%, and its share price followed suit — a rare case where the story actually matches the math. But that’s the exception, not the rule.

Beneath the headlines, we’re starting to see the kind of financial gymnastics — circular lending, balance-sheet origami, and creative “partnerships” — that usually signal the boom is running out of breath.

If history rhymes, it looks like we’re closing in on the tail end of a mania.

A Bubble in Bubble Talk
The Hollow Class, Part II

November 12, 2025 • Addison Wiggin

As interest rates fell, investors swarmed into real estate, lured by yields and the illusion that home prices never fell. Wall Street’s private-label securitizers were soon packaging everything from pristine mortgages to what were effectively loans scribbled on napkins, thus turning them into bonds that glowed like gold — until you looked too closely.

For their part, the regulators and ratings agencies conveniently looked away and allowed the bubble to grow. Fannie Mae watched the frenzy from the sidelines at first.

The company’s mandate — written in law — was not to chase profits but to promote affordable housing. That is to say, to make sure that teachers, nurses, and other first-time buyers could own their own homes and unlock the American Dream.

But as Wall Street flooded the market with high-risk mortgage products, political pressure mounted. Congress demanded that Fannie “do its part” for low and moderate-income families.

The Hollow Class, Part II