The idea behind ending the independence of the Federal Reserve is brutally simple: deficit monetization.
The independence of the Federal Reserve is as essential as the independence of the U.S. Supreme Court.
At the start of 2024, there was a trend break on the market for sovereign debt that suggests investors may be asking a risk premium to buy U.S. government debt.
Joe Biden wants the ‘rich’ to pay their ‘fair share,’ but he never defines what the ‘fair share’ means. There is an ominous reason for that.
Bulgaria is on the cusp of joining the euro but has not yet set a firm accession date. They would be wise in waiting to give up their own currency.
At the very least, the ECR and ID groups will need to work more closely together to counter the “federalist” forces in the European Parliament.
If this odd change in the yield curve continues, it will turn into an open vote of no confidence in U.S. government debt.
As in the endless disputes between brothers and sisters, we end up forgetting who started it and who said what.
What looks like a mild recession on the surface could turn into something much more serious.
Why is it so hard for the ECB to admit that inflation is a monetary phenomenon?
Buried in a pile of technical data are pieces of information that suggest investors are getting seriously worried about the growing pile of U.S. debt.
There are many pundits out there having opinions on inflation. But what do the latest figures really mean? Is inflation here to stay?
