Tag Archives: treasuries
Policies of Disaster
The world we’ve entered – a world of rising interest rates – is an unfamiliar place. Americans haven’t experienced it in over four decades. But, nonetheless, it is part of the long term, secular movement of the credit cycle. To understand what’s going on, all you need to do is look to the past and key in on several critical inflection points. Continue reading
Once Upon a Time in Flagstaff
All these Treasury purchases by the Fed will serve to lower interest rates. But remember, to purchase this massive supply of Treasuries the Fed will use credit that’s created out of thin air via ledger notations. Continue reading
Everything’s Spooktacular
October wouldn’t be complete without a thrilling spooktacular surprise. The October 7 sneak attack by Hamas on Israel and Israel’s subsequent official declaration of war certainly fits the bill. But what else? Continue reading
How the Dianne Feinstein Effect Wrecked the Future
Attempting to spend a nation to prosperity using borrowed money at everyday low rates courtesy of the Fed is not without consequences. In the short run, an illusion of wealth can be erected. In the long run, that illusion slips into decay and disrepair. Rising interest rates expedite the failure of fiscal recklessness. Continue reading
