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Early in 2017, Senator Chuck Schumer stated that then-newly elected President Donald Trump was dumb to be antagonizing the intelligence community because “they have six ways from Sunday to get back at you.” Senator Schumer seems to have been onto something, given the...
Those paying attention know the so-called “national debt” crossed the $30 trillion mark in late 2021 and has continued to steadily climb since. With trillion-dollar annual deficits having somehow been allowed to become the norm, less than two years later the number...
Economists rely on Vector Autoregression (VAR) models to forecast macroeconomic time series that may infer the effects of structural shocks and estimate unobservable cyclical components of macroeconomic aggregates. A VAR model is made up of a system of equations that...
It used to be—think about it, until recently it didn’t really matter all that much who won an election at the presidential level. Don’t get me wrong, obviously there were differences between the parties. But if I can use a sports metaphor, the differences between...
[I]f you don't get money out of politics, then yes in the long term it's hopeless. But we must, we must get money out of politics. - Cenk Uygur, creator of The Young Turks Progressive Cenk Uygur said these words without realizing the fact that the primary source of...
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate rose slightly from 3.4 percent to 3.7 percent (month over...
Negotiations over increasing the federal debt ceiling continue in Washington. As has occurred several times over the past twenty years, Republicans and Democrats are presently using increases in the debt ceiling as a bargaining chip in negotiating how federal tax...
Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." Kudlow laments that a toppling of the dollar from that perch "seems to be the direction we're...
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