Tag Archives: interest rate
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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Banking On Magic
American consumers are being squeezed. Between high grocery prices, rising utility bills, and hefty prices at the pump, little float remains in monthly budgets. An unexpected medical bill or car repair is all it takes to blow the household budget. Continue reading
