Like a petulant child at the supermarket demanding candy, President Donald Trump got what he wanted. The Federal Reserve cut the federal funds rate by 25 basis points to a target range of two percent and 2.25 percent. The United States central bank also ended plans to reduce its $4.5 trillion balance sheet two months […]
Archives for July 2019
As FOMC meets, how fast is too fast for Federal Reserve to raise interest rates?
By: Pavel Mordasov The US financial markets have recently experienced two milestones as the S&P 500 reached 3,000 on July 10th and the Dow Jones Industrial Average (DJIA) crossed 27,000 the next day. The immense rise in the equity market is a remarkable feat from its lows following the mortgage crisis where the DJIA hit 6,507, […]
A summary of last night’s #DemDebate in one clip:
The #DemDebate was everything you thought it to be: outrageous promises from Elizabeth Warren, a lot of arm flailing from Bernie Sanders, Beto O’Rourke just dying to speak Spanish, and Marianne Williamson saying something wacky. But if you didn’t want to subject yourself to nearly three hours of this mind-numbing spectacle, here was a perfect […]
U.S. government expected to borrow $1 trillion in 2019 as Treasury markets more debt
Last year, satirical website, The Babylon Bee, ran this hilarious headline: “Republicans Announce Plan To Pretend To Be Fiscally Conservative Again The Moment A Democrat Takes Office.” The site could run this article every year and it would still be relevant. Despite lambasting former President Barack Obama on the ballooning debt and outrageous budget deficit, […]
#DemDebate: Will ‘Free Stuff 2020’ win the election?
John Stossel is out with a new video on Reason TV and it is another great look at how all the presidential candidates are promising free stuff galore. Essentially, the 2020 race will be known as “Free Stuff 2020” because both sides are offering billions and trillions of dollars in everything from military to welfare […]