Tag Archives: jerome powell
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading
Be Careful What You Wish For
If foreign investors reduce their holdings of U.S. Treasuries, then who will pick up the slack? If foreign central banks are not buying Treasuries, how will the government finance its debt? Continue reading
The CAPE Crusader Unveils a Bubble
When you see a CAPE of 37.05, you’re looking at a market that is more than twice as expensive as its long-term average. This isn’t a slight overpricing. Rather, it’s an extreme overvaluation. This is, in fact, a bubble. Continue reading
Suffering the Fed’s Mistakes
The proof is in the pudding. The Fed’s track record over many decades shows it’s unable to get interest rate policy right. In fact, over just the last 30 years Fed policies have orchestrated three massive boom and bust cycles. Continue reading
