Everyone’s got an answer for why Treasury yields have jumped recently. Yet no one knows why. Crucially, they don’t know why precisely because they think they have an answer for the movements of the most information-pregnant income streams in the world. Please read on. Let’s start with the obvious: all known information is already […]
If They Know Why Treasury Yields Are Rising, Then They Don’t Read More »
“Rising yields on the back of the U.S. credit downgrade is indicative of what will occur if Washington does not curb its appetite for unsustainable spending and low taxes.” Those are the words of RSM’s Joe Brusuelas. That he’s chief economist for RSM is excess, and can be seen in his analysis of the national debt.
What Market Signals Can Teach the National Debt Alarmists Read More »
The Fed is tasked with fighting inflation that neither it nor Congress understands. See the accepted view among politicians, economists and pundits that if the Fed centrally plans low, but not-too-low unemployment, the price level will be kept in check. The notion of a “Goldilocks” economy would be the silliest notion in economics if
Tariffs Are Awful, Gov’t Spending Is Worse. Neither Is Inflation Read More »
Debt is a sign of progress. It’s a market signal about growing future earnings for families and businesses. Despite this, politicians continue to argue the opposite. Looking for ways to demagogue the national debt, they lament the inability of our federal government to do as families and businesses routinely do whereby they “balance their
The Myth About ‘Balanced’ Family and Business Budgets Read More »
Former Indiana Governor Mitch Daniels writes in the Washington Post about the coming “collapse of the U.S. public debt market and the dollar’s world reserve status.” Daniels believes that “It’s past time to prepare” for the “cataclysmic reckoning, including double-digit damage to Americans’ income growth” that lies ahead due to federal deficits and the national debt.
National Debt Has Mitch Daniels Scared, Perilously Distracted Read More »
