Treasury’s Michael Stegman is proclaiming that unlike banks, Fannie and Freddie don’t need to retain capital since US taxpayers are backing them.
Once upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets.
Basic summary: volumes are up (coal), holding (uranium). But, tellingly, no discussion of oil and gas exports.
Brazil’s economic uncertainty continues to worsen.
A month or so ago, I was struck by Ray Dalio’s comments at Davos. He seemed fairly concerned and the major media outlets didn’t really pick it up.
This speaks volumes about how the economic leaders of America’s northern neighbor value the productive sector of their economy, including manufacturing, and how their counterparts in the United States evidently don’t.
There is a massive movement, well-funded by political contributions, to privatize our prison systems.