Monthly Archives: August 2017
Calling Mitch McConnell’s Debt Ceiling Bluff
Senate Majority Leader Mitch McConnell woke up on the wrong side of the bed on Monday. Who could blame him? His summer vacation’s been ruined. President Trump’s been riding him all month like a pack mule. What’s more, on Monday … Continue reading
Why There Will Be No 11th Hour Debt Ceiling Deal
A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high … Continue reading
How to Prepare for Another Market Face Pounding
“Markets make opinions,” goes the old Wall Street adage. Indeed, this sounds like a nifty thing to say. But what does it really mean? Perhaps this means that after a long period of rising stocks prices otherwise intelligent people conceive … Continue reading
Yanking the Bank of Japan’s Chain
Based on the simple reflection that arithmetic is more than just an abstraction, we offer a modest observation. The social safety nets of industrialized economies, including the United States, have frayed at the edges. Soon the safety net’s fabric will … Continue reading
