To say that the U.S. economy might be “cooling” is a typical mainstream media euphemism that we only see when the situation is getting desperate. And with 20,000 jobs added in February instead of the expected 180,000, the economy is beyond “cooling”: it’s ice-cold and...
Now that Jerome Powell’s brief foray into interest rate normalization has been abandoned like last week’s trash, the hope of rational central bank policy and a return to the days of Paul Volcker and fiscal discipline are, sadly, dead and gone. Sure, we can dream, but...
It’s been six years since former socialist dictator Hugo Chavez banned Venezuela’s citizens (though not his military regime, of course) from owning or carrying guns. Originally sold to the public as a war against violence, the net effect has been a war against an...
After a brief détente, it appears that President Trump and Fed Chairman Jerome Powell, the two individuals with the most influence on the American economy, have resumed verbal barbs – or more accurately, the President has resumed his criticisms of Powell’s handling of...
Situated in One Bryant Park in Manhattan, the National Debt Clock has been working overtime for the past year, numbers whizzing by as America’s mounting debt piles up like laundry in a frat house. And now, a new “milestone” has been reached as the nation’s debt...