How to square the circle in Biden's tale of two economies
The public isn't getting on board with the president's program regarding the economy.
Government gets fatter while Americans rack up record-high credit-card debt
While the White House lectures on the strength of the economy, Americans are drowning in credit-card debt, which hit a record high $1.13 trillion by the end of last year.
Which presidential administration would be better for business?
The collective wisdom of Wall Street is often much wiser than any one pundit or poll, and that collective wisdom seems to be banking on a Trump victory this November.
The Fed's Powell will have to play politics to keep his job
The Federal Reserve has always been a political entity. And Fed Chairman Jerome Powell knows if he wants to keep his job he will have to play politics this election year.
American taxpayers are now slaves to interest payments
The result of politicians in Washington racking up a $33.7 trillion federal debt? It now takes over a fifth of all government revenues just to pay the interest.
Ransomware attack on Chinese bank highlights fragility of the $33.7 trillion Treasury market
Treasury bonds, like all fixed-income assets, have been shellacked by inflation during the Biden administration, which has caused the dollar to lose more than 17% of its value.
The fuse on America's debt bomb just got shorter
If you thought it was scary when the Treasury Department recently dropped a financial bomb, please sit down before you read on.
Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come
The Biden administration is promising more government spending and multi-trillion-dollar deficits forever.
Treasury’s budget numbers show Biden’s using scare tactics. There’s no risk of default
Biden has been crying wolf with warnings about budget defaults. Treasury still has the ability to prioritize its payments, so that’s not a realistic danger.