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Americans Aren’t Paying Their Credit Card Debt. What Could Go Wrong?
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
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Multifamily Construction Leads the Housing Market
Single-family housing activity continues to weaken with little evidence to suggest significant gains in the near future, but multifamily housing activity remains robust.
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Cryptocurrencies, Meet the Financial Action Task Force
Cryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.
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Uncertainty Index on the Rise
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
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Debt, Deficits and the Cost of Free Lunches
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
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