Monthly Archives: October 2024
Dumb Reasons Why More QE Is Coming
Debt, deficits, and debt interest payments have crippled America’s finances in a way that only a government of corrupt clowns could have made possible. Decades of overspending are coming home to roost. We all get to live with the consequences. Continue reading
Whip Inflation Never
The storyline all year from the Federal Reserve and the Treasury was that consumer price inflation was coming down. That it would soon be within the Fed’s arbitrary 2 percent target. That the runaway inflation over the last few years was a mere pothole in the road to greater prosperity. Continue reading
Mistakes from the Past
Over the last three weeks something unexpected by the Fed has happened. The yield on the 10-Year Treasury didn’t follow the Fed’s rate cut down. Rather, it did the opposite. It went up. Continue reading
The Ghost of Harry Bridges
Dockworkers on the East and Gulf Coasts went on strike on Tuesday. This marked the first major work stoppage by the International Longshoremen’s Association (ILA) since 1977. It will halt about half the nation’s ocean shipping imports and affects 36 ports from Maine to Texas. Continue reading
