The claim that since million-dollar homes in Aspen are taking up to three years to sell means that a recession is coming is ludicrous. Looking at where the rest of us spend our money, things continue to be rosy.
A weaker dollar could awaken bond investors from their decades-long slumber. They would be forced to conclude that the U.S. government is not the AAA-rated credit risk they think it is.
Former Fed chair Janet Yellen seized an opportunity to declare that Trump’s criticism of the central bank might damage its reputation and disrupt its mission.
Modern Monetary Theory — governments can just print money to spend as much as they want, since they control the currency — is being touted as the way to pay for the Green New Deal.
The Republican-controlled House of Representatives oversaw a nearly $8 trillion increase in the national debt.
The Treasury reported total government receipts of $253 billion for the month of October, while total outlays were $353 billion. The U.S. taxpayer is left holding the bag for the difference of $100 billion.
Monday’s selloff in stocks brought the Dow Jones Industrial Average down more than five percent since early October. Is this decline a harbinger of further declines to come?