Tag Archives: debt
The Brutal Truth About the Upcoming Stagflationary Simmer
Major U.S. stock market indexes continue to float along at or near all-time highs. The ride’s been both fun and exhilarating. Continue reading
State Sponsored Suicide
The entire American lifestyle – and by extension, the global economy – is built on the singular, fragile assumption that the rest of the world will always want to buy American debt. For decades, this was a safe bet. Treasuries were considered risk free in terms of default. Continue reading
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
