The Federal Reserve delivered another 75 basis point interest rate hike at its July FOMC meeting. This pushes the federal funds rate over the 2% threshold to between 2.25% and 2.5%…
Panama: Descent Into Chaos…
We are on the front edge of a very deadly global revolution. The war between elites…
No Recession? All of a Sudden Yield Spreads Are Collapsing…
No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk…
Expert Proved Biden’s Treasury Secretary Dead Wrong on Inflation, His New Warning Shows She Can’t See What’s Coming…
For the Joe Biden presidency, it was a bad start. For the rest of the country, it’s likely to be a worse week — and November can’t come fast enough…
When Is a Recession Not a Recession? When the Financial Media Need to Protect Joe Biden…
The Bureau of Economic Analysis (BEA) is scheduled to deliver their calculation for the second quarter (Apr, May, June) Gross Domestic Product (GDP) on July 28, next week. The calculation is essentially the total value of all goods and services generated within the U.S. economy, minus the value of exports received…
Democrats’ Inflationary Energy Agenda Killed Climate Bill…
Why do environmentalists demand more expensive energy at the expense of climate action?…
Former Obama Economic Advisor Says Best Way to Deal with Inflation Is to Raise Taxes and Plunge Main Street into a Recession…
Jason Furman is the former Chairman of the National Economic Council under Barack Obama; he is currently a professor at Harvard teaching economics. If you ever wondered why the economy under Obama included the weakest economic recovery in history, the advice of Furman might explain it…
Inflationary Pressure Is Worse Than They Say…
We are apparently back in the spend-your-way-to-prosperity mode. Last week Wall Street greeted the “strong” April PCE number with a spree of dip-buying, but you have to wonder just how long households can keep reaching into their cookie jars in order to spend what they are not earning…
What in the World Is the Federal Reserve Thinking???…
You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. So I was […]
A Secretive Committee of Wall Street Insiders Is the Least of the New York Fed’s Concerns…
In July 17, Mary Callahan Erdoes, head of JPMorgan Chase & Co.’s $2.2 trillion asset and wealth management division, walked into the wood-paneled tenth-floor conference room at the Federal Reserve Bank of New York to address some fellow Wall Street luminaries — Bridgewater Associates’ Ray Dalio, Dawn Fitzpatrick of Soros Fund Management, short-seller Jim Chanos, […]
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