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News
Inflation held at 3.7% in July in Fed’s preferred gauge, reflecting affordability woes
2+ week, 5+ day ago (471+ words) Inflation held at 3.7% for the year ending in July, the Bureau of Labor Statistics said Wednesday morning in an update to the personal consumption expenditures index, which is the Federal Reserve’s preferred inflation gauge. The stubbornly high inflation shows that…...
Bond market meltdown shows MAGA needs deficit-reducing response
3+ week, 3+ day ago (199+ words) International markets are rattled by global events. That was made clear by the Aug. 18 widespread global selloff of U.S. Treasury securities, raising 30-year yields to roughly 5.34%, the highest level since 2007. There are several causes for the rising investor anxiety. This includes…...
We owe $40 trillion — $120,000 each
3+ week, 3+ day ago (442+ words) News that the national debt has risen above $40 trillion resonated like a ringing bell in my mind. It registered that America is 16 times deeper in its fiscal hole than it was when I first reported on this chronic ailment back…...