The Fed Is Already Political

From the outset, the Federal Reserve System has represented the politicization of money and banking in the United States. It allows the government to finance its preferred programs with newly printed money and to manipulate the entire structure of the…

April’s losses in the stock market were in part created by doubt about the Fed’s future rate cuts. Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also…
Strong Economy? Think Again

At the end of the day, the US economy is not remotely “strong,” as the talking heads blathered about again last Friday. Likewise, the BLS report is once again hardly worth the digital ink it is printed upon. It should…
Two Trump Trials Likely Postponed Until After Election

Dems' strategy of shackling Trump with burdensome legal challenges is going down in flames. Former President Donald Trump received good news this week, as two of his court cases appear unlikely to go to trial before the 2024 election. On…