Part one of a two-part series. Interest rates have been near zero for the past 15 years, except for a brief period when they rose as high as 2½%. That’s…
Unaffordable Housing: Part Two
Part two of a two-part series. For three years during the Trump Administration, the Fed modestly raised interest rates, but it changed direction when the pandemic and the accompanying lockdown…
Unaffordable Housing: Part One
Part one of a two-part series. For home sellers, life has never been better. For home buyers, panic may be setting in, as housing prices jumped at an annual rate…
Easy Money Is No Longer Easy
Part one of a two-part series. It took nearly a decade for the Federal Reserve Board to reach its inflation target of 2%. Now that the target has been not…
What Fundamentals?
Part two of a two-part series. Most traders of meme stocks — stocks that are discussed and heavily traded online — are speculators. They’re not analyzing the fundamentals behind specific…
The Super Fed -Part 2
Part two of a two-part series. To revive the economy, we noted last week, the Federal Reserve Board has been purchasing a record number of bonds. But in addition to…
The New Super Fed — The World’s Largest Bank
Part one of a two-part series. Amazon isn’t the only entity that will emerge from the COVID-19 pandemic stronger and more powerful than ever. The same can be said for…
Why Interest Rates Will Remain Low
Part two of a two-part series on interest rates and the federal debt. Servicing the federal debt will cost U.S. taxpayers $479 billion this year, even though interest rates are…
The Interest Rate Paradox
Part one of a two-part series on interest rates and the federal debt. Call it the interest rate paradox. If interest rates remain low or trend lower, the federal debt…
The Fed Is Running Out of Money
Part two of a two-part series on the repo market. So the Federal Reserve Board buys bonds, creating trillions in cash, which it then pays interest on to banks, who…