Tag Archives: debt
Keep Your Eyes on the Road
The stock market, as measured by the S&P 500, continues to inflate. But this isn’t a sign of economic health. In fact, a scratch below the surface reveals an economy that is much weaker than advertised. Continue reading
The Unvirtuous Cycle of Rate Cuts
Trying to artificially control things like interest rates without understanding the underlying economic realities leads to an unvirtuous cycle full of unintended, and often unpleasant, consequences. Over the last 112 years this has resulted in a steadily declining dollar and massive debt and deficits. Continue reading
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading
Going Full OBBBA
Congressional members, like their special interests and constituents, all want to get theirs while they can. They each operate with the expectation that their spirit will leave their body before the ultimate reckoning. For America’s aging fogies, going full OBBBA is working to perfection. Continue reading
