by Daniel White | Jul 17, 2025 | Economy
Monday, July 21 Is the recession already here? Thanks to years of high inflation and interest rates, even Americans with jobs are struggling to pay for necessities. Consumer staples prices have soared. Everyone knows about the price of eggs, which have nearly tripled...
by Daniel White | Jun 19, 2025 | Economy
Monday, June 23 Moody’s finally arrived at the party as last month it became the last of the three major credit ratings to downgrade the elite status of U.S. debt (from Aaa to Aa1). The ratings agency cited the federal government’s growing budget deficit and...
by Daniel White | May 19, 2025 | Economy
May 19, 2025 Serious damage has been done to markets. The S&P 500 fell 21% by mid-April from its all-time high. Similarly, the Invesco QQQ Trust exchange-traded fund, which tracks big technology companies, has plunged 26%. Both major indices are now well below...
by Daniel White | May 12, 2025 | Economy
May 12, 2025 The economy in the 2020s has not been boring. We’ve had a pandemic and inflation already. Now we have a trade war, recession fears, maybe more inflation, and capital flying out of U.S. dollar assets. In the past, the Federal Reserve would often step in to...
by Daniel White | Apr 28, 2025 | Economy
April 28, 2025 In 1979, Federal Reserve Chair Paul Volcker inherited a real mess. Government overspending led to budget deficits and a massive increase in the national debt. By 1974, inflation climbed to as high as 12%. To combat that, the Fed raised interest rates as...
