Federal Reserve

Bubbles R-Us

Bubbles R-Us

The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...

Another Cycle of Debt Ceiling Hysteria

Another Cycle of Debt Ceiling Hysteria

This week the U.S. government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and...

The ‘Mother of All Economic Crises’

The ‘Mother of All Economic Crises’

Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...

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