Power & Market

 “An economic foundation that was built on cheap money and debt.”

On June 22, President Joe Biden called for a tax holiday for the next three months. As of this writing, it still has to be approved by congress.

Central bank “stimulus” is a nonsensical policy approach which caused prices to surge over the last two years. Look at the charts below:

After the 75-bps rate hike last week, Powell took to the stage, saying in just his third

Currently, a new cycle of

Seventeen months ago, as the keys to the oval office changed hands, for all of the political animus and theatrics, one thing seemed a given: the US

The most pressing insight on Fed policy is not the dollar's declining purchasing power or the threat of hyperinflation, but the costs of the malinvestment that occurs in a low interest rate environment.

Following the tragic events of Uvalde Texas, the whole country saw a disgusting act of senseless killing, and the police waiting outside as it unfo

Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something." 

If you’ve never given much consideration to the power of central banking, it’s time to make that a priority.