by | Jul 10, 2019

Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…

by | Oct 11, 2018

The rate on ten-year U.S. Treasury bonds rose from below 3 percent to 3.2 percent last week. Signals abound that that Quantitative Easing morphs into Quantitative Tightening. The rise in the bond rate follows the Federal Reserve, which devoured U.S….

by | Jul 10, 2018

Problems with stimulants include the hangover that follows the high, the compulsion to keep chasing that initial feeling despite all subsequent attempts falling short, and the Charles Atlas self-portrait that others see as the guy getting sand kicked in his…

by | Aug 25, 2017

The populism that fueled the rise of Donald Trump and Bernie Sanders came from the perception that the federal government responded like Superman when it saved Wall Street and Clark Kent when it came to helping everybody else. While these…

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