The Fed is injecting money into the system as part of its ‘reserve management’ programme; it began this week with $7.5 billion.
The feds had their funny money; they weren’t going to give it up. And they weren’t going to back off from any of their boondoggle spending.
Gracious. Well-spoken. Passionate about our economy. Hands down, Taylor Kee is the best boss I’ve ever had the pleasure of working for.
Warren Buffett says you can never go right by betting against US business. But guess what? So far this century, that bet has been a winner.
In 2007, total US debt, public and private, was under $50 trillion. Today, it’s over $73 trillion.
Donald Trump needs to claim victory against the Chinese and end the war. But the Chinese may have him over a barrel.
Too much inflation and price instability becomes unmanageable. It feeds on itself to erode economic confidence.
The good news is that if inflation is what they want, inflation is what they’ll get. But not necessarily the tame, friendly, housebroken inflation they are hoping for.
Total US debt now approaches $74 trillion. The economy that supports this debt has grown steadily, but nowhere near fast enough to keep up with it.
We are in an Inflate-or-Die trap now — more debt, more phoney prices, and more fake money.
The end of the stock market boom is unpredictable. But each passing day brings us a day closer to when it will crash and burn.
The stock market has suffered through a couple rough days. Trade wars…impeachment…recession warnings…Sanders’ heart problems — commentators look for explanations.
Today, the cash buyer is rare. The auto dealers — who make most of their money from financing cars, not from selling them — scarcely give him the time of day.
There was a time, believe it or not, when economists wouldn’t presume to tell us what interest rates should be. They were ‘moral philosophers’ who merely observed and tried to understand.