Housing Versus “Housing” in Fed Data
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The Fed’s vaunted pro-inflation policy of 2.00% or higher annually is not an equal opportunity punisher. The interest cost of a standard mortgage on a median-... Read more.
Rate Cuts Will Achieve Nothing
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Notwithstanding the deleterious impact of rate cuts on investment trends, the Wall Street mantra still claims that rate cuts are necessary to prevent the econom... Read more.
What Did $6.5 Trillion in Money Printing Achieve?
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In all, after $6.5 trillion of Fed money-printing during the last 16 years, the Main Street economy has nothing to write home about. And that begs the question ... Read more.
Strong Economy? Think Again
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It should be evident by now that the “strong” economy of the last several years was nothing of the kind. To the contrary, the Keynesian GDP accounts were ac... Read more.
Trump: Just a Big Government Statist
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The MAGA hats have been conned big time, indeed. Trump has proven himself to be the epitome of a Caesarian Big Government statist. And yet the ostensible oppone... Read more.
The Destruction of the American Middle Class
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Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1% of households have gained $20 million each in inflation-adjusted n... Read more.
Trump’s Disastrous Final Year in Office
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We are now 40-months on from the Donald’s foolish empowerment of Dr. Fauci and his Virus Patrol in mid-March 2020, and all doubt has been removed. If there we... Read more.
America’s Prolonged Economic Stagflation
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The US economy is freighted down with debt and it is also short of labor, riddled with non-productive speculation and financial engineering and starved for prod... Read more.
The Battle Against Inflation Is Nowhere Near Won
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In a word, American fiscal governance is broken and broken badly. Owing to the Fed’s massive monetization of the public debt over last several years Washingto... Read more.
The Buck Stops Where?
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The most outrageous breakout of statist excess in US history happened on Donald Trump’s watch with his full complicity. In turn, these Covid-lockdown assaults... Read more.
The Administrative State Strikes Again: Monetary Edition
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They have done it again, and in a way that makes a flaming mockery of both honest market economics and the so-called rule of law. In effect, the triumvirate of ... Read more.
Twitter Became the Ministry of Truth
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The Twitter story is not a one-off case, nor is it evidence that Wall Street and the homegamers alike are comprised of greedy fools who will fall for anything. ... Read more.