by Daniel White | Jun 5, 2023 | Economy
June 5, 2023 The U.S. exceeded the current debt ceiling in January. Since then, “extraordinary measures” have been authorized to pay the bills, but they’re supposed to run out this month. That could mean default. The outcome is predictable. Democrats and Republicans...
by Daniel White | May 22, 2023 | Economy
May 22, 2023 We’re in a good news-bad news situation economically. The good news is inflation dropped to 5.0% in March, which is down from its 9.1% high in June 2022. The bad news is the American credit bubble is back because of the Federal Reserve’s...
by Daniel White | Apr 24, 2023 | Economy
April 24, 2023 President Biden introduced a $6.89 trillion budget proposal. Much of it was rejected last year by a Democrat-dominated Congress, so in a House of Representatives under Republican control, there is hardly any chance it will pass. In truth, it simply sets...
by Daniel White | Apr 17, 2023 | Economy
April 17, 2023 The American middle class is under immense pressure from inflation (which the Federal Reserve is trying to fix, though causing collateral damage in the process). It wasn’t too long ago that a six-figure salary would provide a comfortable lifestyle. But...
by Daniel White | Apr 10, 2023 | Economy
April 10, 2023 When the Federal Reserve enters an interest rate hiking cycle, it’s said the bank continues until something breaks. Well, in the Fed’s quest to tame inflation through rate increases, something might have broken with banks. Last year was a tough one...
