With two months left in 2023, the Federal Reserve and the ECB have struck a note of confidence with debt-market investors. This gives Europe hope as they slide into a recession, but will it help America avoid a fiscal crisis?
Europe’s banks are in credit-crunch mode. The ECB’s decision to keep interest rates unchanged is meant to help, but it also raises the white flag on inflation.
The U.S. debt keeps growing, and nobody seems to want to stop its growth. But what does the debt actually look like? Who owns it, and what are its components?
Speaking of the need among some people to repeat the mistakes of the past: the saga of Bud Light and its recent public-relations disaster is being amended with another chapter.
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