If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now “impossible” to do so, even as America’s wealth and gross national product (GDP) have both rocketed higher over the past 27 years?
We’ve witnessed since March 2020 a QE program that, rather than accommodating deleveraging, actually spurred further, dangerous, speculative leverage.
A nice graphic of who’s on deck to report this week.
After an absolute dearth of major economic events, the spigot gets thrown open next week
Corporate America sacrificed national interests in service of greed, and so did the U.S. government.
You can see the magic that can happen with capitalism and communism meet:
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
CUSIP: 91282CCM1Term and Type: 10-Year TIPSSeries: D-2031Reopening: NoInterest Rate: 0.125%High Yield: -1.016%Price: $112.423650Allotted at High: 11.24%Total Tendered: $39,941,520,600Total Accepted: $16,000,086,600Auction Date: 07/22/2021Issue Date: 07…
The multi-decade continuous contract of crude oil helps illustrate why he thinks we’re heading vastly lower.
On Wednesday, insurance broker Aon reported that insured losses from natural disasters reached $42 billion in the first half of 2021. While the figure represents a 10-year high for insured losses over the opening six months of the year, overall economi…