Tag Archives: interest rate
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
Modest Reflections on Varying Tolerances to Extreme Pain
Last week Fed Chairman Kevin Warsh delivered his debut alpha dog speech from Jackson Hole, Wyoming. It was titled “In Our Time,” and was billed as a broad blueprint for how he intends to govern. Namely, he wants a quieter Fed. Continue reading
Financial Graffiti
The financial reckoning continues to move towards its end. The U.S. national debt has officially broken $40 trillion. This number is so massive it’s hard to comprehend. For example, if Washington paid down $1 billion of debt every single day, it would take nearly 110 years to settle the tab. Continue reading
How Demographics are Driving America’s Long-Term Fiscal Illness
If it’s not a bizarre new geopolitical crisis, it’s a terrifying headline about the safety of our food supply. This, no doubt, is an age of constant, low-grade dread. Every time you open your phone, there’s a fresh, steaming pile of bad news waiting to greet you.
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