Economy

Does the U.S. Still Have a Debt Problem?

Does the U.S. Still Have a Debt Problem?

Yes. The amount of debt today is higher than it was before the financial crisis. Before the Great Recession, the total debt in the U.S.—that is, government, business, and personal debt combined—was $53 trillion. At the end of 2020, it had increased by 51% to $80...

The World Is Drifting Away from Capitalism

The World Is Drifting Away from Capitalism

​Last week, Federal Reserve Chairman Jerome Powell announced—under the guise that commercial banks want to hold more reserves—that the Fed will continue its post-financial crisis policy of influencing interest rates by keeping trillions of dollars in bank reserves and...

President Trump’s Risky Bet Against Our Trade Deficit

President Trump’s Risky Bet Against Our Trade Deficit

A consensus converged in the 1980s around three economic principles: reduced regulation of banks free trade liberalizing immigration Today, many people in Europe, Great Britain, and the U.S. are questioning numbers 2 and 3. In particular, President Trump, his...

Is Quantitative Easing (Q.E.) Stimulative

Is Quantitative Easing (Q.E.) Stimulative

Beginning in October 2019, the Federal Reserve started buying $60 billion a month of treasury bills, which are short-term government obligations. Because the bills are short-lived, the Federal Reserve has been adamant that this new program is not QE4. One critical...

Is the Federal Reserve Making It Up?

Is the Federal Reserve Making It Up?

Is the changing Fed story something that should concern you, or is it just growing pains adapting to the massive balance sheet inherited from the unconventional policy QE? In September 2017, then-Federal Reserve Chairperson Janet Yellen announced that the Fed would...

If you’re concerned about your financial future, lets talk

Shares
Share This