U.S. Economy

People are making painful adjustments. What will the Fed do?

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

Recorded in Tampa, Florida on February 25, 2023.

Recorded in Tampa, Florida on February 25, 2023.

Mark uses Intel Corporation as a barometer of the business cycle.

Opponents of "national divorce" like to claim that red states would be broke without a flood of money from wealthier, productive blue states. It's not true.

We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.

While the 1979 default was relatively small, the 1934 default affected millions of Americans who had bought Liberty Bonds mistakenly thinking the government would make good on its promises.

Printing and raising taxes are not social policies. It is profoundly anti-social, as it destroys the middle class and makes the economy weaker. Raising the debt ceiling is also extremely negative for the middle class because it means more taxes.

As Mark explains, the target is another smokescreen.