Tag Archives: debt
How Surging Borrowing Costs Are Consuming the U.S. Budget
The U.S. government just closed the books on Fiscal Year 2026. The final budget report card, to be perfectly frank, is the stuff of banana republics. Continue reading
When Capital Hits Physical Limits
What is up with the American political economy and financial markets? Federal government spending’s running at an annual deficit of $1.9 trillion. What’s more, private financial markets are undertaking a capital-intensive technology buildout with only a hypothetical understanding of how it will all be paid for. Continue reading
Adapting to Higher Yields
Jamie Dimon, CEO of JPMorgan Chase, recently said he wouldn’t buy long-term U.S. Treasuries. His rationale is simple, he “doesn’t understand the upside.” Continue reading
Why the Era of Cheap Money is Dead
Most Americans, and people across the planet, have been trained by a financial system where borrowing costs became perpetually cheaper. If you got into a pinch, you could refinance your mortgage, with more agreeable terms, and quickly increase your cash flow. Continue reading
