The Federal Reserve has a dual mandate given to them by congress. They are required by law to seek stable prices and maximum employment. The fact of the matter is that the data they use…
Congress Faces Urgent December Deadlines
Congress is running up against another major deadline in the first few days of December. Debt ceiling. Government shutdown. Biden's Build Back Better spending plan. And still, there is no end to the disagreements in…
Heresy Financial: Does QE Actually Cause Inequality?
Given the rapidly increasing inequality over the last few decades, and given the rapidly increasing supply of money funded by the Federal Reserve, many reasonably point to quantitative easing as the source of the inequality.…
Debt, Taxes & Printing
While many people are concerned about where the government spends its money, a bigger concern is where the money comes from in the first place. Because not all forms of income for the government are…
Homebuilding Halted Over New Issues
U.S. homebuilding unexpectedly slowed in October as builders continued to struggle with higher costs and supply shortages. Housing starts fell 0.7% last month to a seasonally adjusted annualized rate of 1.52 million, the Commerce Department said Wednesday.…
Inflation Crisis One of Worst in Modern History
Strategic Resource Group managing director Burt Flickinger argued on Thursday that Americans are experiencing "one of the worst crises in modern retail history that we've seen and it has all evolved in less than a year." "This was…
Consumer Prices Rise to Highest Point Since 1990
Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990. The year-over-year increase in…
Heresy Financial: The Next Crash Won’t Kill the…
We are approaching a fork in the road where the Fed will have to make the tough decision to pull back on its assistance to the economy. The problem is this will trigger the next…
Economic Growth Rate Slows to 2%
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce…