Tag Archives: interest rate

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

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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

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Reality Check September 2024

Summer break is over. School is back in session. Football rules the weekend. With the turn of the month, and the approaching autumn season, comes a reality check. A time to pause and take stock of where things stand. A time to make decisions.
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Hard Landing Ahead

When Glenn Burke and Dusty Baker invented the high five on October 2, 1977, it was a moment of pure spontaneity. Continue reading

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