Ignoring problems rarely solves them. You need to deal with them—not just the effects, but the underlying causes, or else they usually get worse. In the...
In September of last year, something still unexplained happened in the “repo” short-term financing market. Liquidity dried up, interest rates spiked, and the Fed stepped in to...
Let’s address an elephant in the room: the rapidly expanding federal debt. Each annual deficit raises the total debt and forces the Treasury to issue more debt,...
When you write for a wide audience, no matter what you say, or how carefully you say it, some people will misunderstand. Sometimes it’s amusing. Reading...
The Federal Reserve System is supposed to be independent. But it’s not. And as much as Donald Trump doesn’t like it, the Fed shouldn’t follow the...
Should just being “employed” make people/workers happy? On one level, any job is better than no job. But we also derive much of our identities and...
You really need to watch this video of a recent conversation between Ray Dalio and Paul Tudor Jones. Their part is about the first 40 minutes. In this...
Nothing is forever, not even debt. Every borrower eventually either repays what they owe or defaults. Lenders may or may not have remedies. But one way...
The global economy is slowing. Germany, for instance, may already be in recession. GDP there dropped 0.1% in this year’s second quarter, with little reason to...
When the US and ultimately the rest of the Western world began to engage China, resulting in China finally being allowed into the World Trade Organization...
