Prices are an intersection of human expectations, actions, hopes and fears. I like to ask audiences, “How much can the price of an asset change?” My proposed answer: “More than you think.”
You don't want to miss Jeff's unvarnished thoughts on the Left, the Right, the economy, and what is sure to be a turbulent New Year.
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.
Ryan and Tho look back at 2022 and touch on some of the worst and underappreciated trends of the year.
There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce.
For decades, central banks have encouraged ever larger mountains of debt. But now the debtors face big problems as interest rates rise. Families and small business will pay the price.
The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money.
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.
Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
