Category: Interest Rates
It Feels Like 2007 All Over Again…
The latest numbers are in. Everything from job growth to GDP growth is looking rosy. But let’s not get too confident about our prospects just yet.
How to Purge the Rot from American Finance
The state of American finance has been shaky for a long time. But now the situation is getting even more perilous because of ingrained habits.
Argentina’s Economic Lifejacket isn’t What it Seems
The Argentinean peso started diving in April. To stop the freefall, the central bank raised interest rates from 27% to 40%. Argentina now has the highest interest rates in the world.
Concert in a Dying Town…
As we take a trip to provincial France and observe the relics of a fallen empire, let’s think about what the past can teach us about credit and debt.
How Trump Turns on The Fed
Donald Trump and Federal Reserve chairman Jerome Powell are at odds with each other. They want different things. What does this mean for the US economy?
Why Trump Wasn’t Invited to McCain’s Funeral
Even in death, McCain continues to cast his lofty shadow over Trump. However, symbolism aside, here’s the real reason why the two men have been at odds.
Trump’s War with the Fed
Trump seems to be at war with everyone. But right now, his main adversary is the Federal Reserve, which has defied Trump by raising interest rates.
How Bill Clinton’s Fed Twisted the Economy
Trump is at odds with the Federal Reserve for raising interest rates. But, really, this is an old problem that first started with Clinton and Greenspan.
Turkey: A Glimpse of America’s Future
Right now, Turkey is sinking under a crushing wave of bad debt and lousy credit. This is an ominous warning for America’s own lack of fiscal discipline.
Are Interest Rates Evil?
What do strongman leaders like Recep Erdoğan and Donald Trump have in common? Well, they love low interest rates. But how low is too low?
Red Alarm at the Reserve Bank
Last week, Reserve Bank Governor, Adrian Orr, announced that the OCR would remain at 1.75%…as expected. You can interpret that to mean — they’re worried.
You Can’t Make Money from What’s ‘Obvious’
Will the bull market continue? Will this turn out to be the longest (and most improbable) bull market in history? Who knows…so let’s get the popcorn out.
The Fed Can’t Stop What’s Coming
The numbers don’t lie. Donald Trump’s tax cuts is creating a skyrocketing debt problem that will prove unsustainable in the years to come.
Why Fairy Tales are Better than YouTube
In 2014, I adapted the story There Was an Old Lady Who Swallowed a Fly, to describe the absurdity of the Fed’s actions in handling crises of their making.
Don’t Let Breaking News Break You
Markets can only collapse when everyone is fully invested and there’s only blue skies ahead.