Latest News Retail sales for the month increased by 0.7%, against the Dow Jones estimate for a decline of 0.2%.

Interest Rates

Should You Be Concerned About Bonds in Your Portfolio

Should You Be Concerned About Bonds in Your Portfolio

The federal government ran a deficit of $3.1 trillion in 2020. If passed, President Biden’s $1.9 trillion COVID-19 relief proposal will pay for much of itself with bond sales. With all this debt supply, you would think that if demand does not increase, then interest rates would have to rise.

Continue Reading »

President Trump’s Risky Bet Against Our Trade Deficit

President Trump’s Risky Bet Against Our Trade Deficit

Trade deficits reduce economic growth, according to a theory posited by the great 18th-century Scottish economist and philosopher David Hume. The outflow of gold to pay the shortfall (trade deficit) would contract the money supply and automatically lead to the reduction of domestic prices as if by an ‘invisible hand.’[i]

Continue Reading »

Scroll to Top