The preliminary results from the University of Michigan Surveys of Consumers show overall consumer sentiment rebounded in early June, resuming the recovery trend from the April 2020 low. However, fears over rising prices continue, and the current levels of...
One of the Federal Reserve’s “temporary emergency lending facilities” is being wound down! As announced on Wednesday, all assets purchased under the Secondary Market Corporate Credit Facility (SMCCF) are expected to be sold. The nearly $14 billion facility holds...
Beverly Moran, Vanderbilt University A new report that shows America’s biggest billionaires paid barely any income tax from 2014 to 2018 has revived talk of a wealth tax – such as the one proposed by Sen. Elizabeth Warren. The report from...
Years ago, before he was mayor, Bill de Blasio laid out the essence of any effort to reform the country’s largest police department. New York City needed true civilian oversight. Describing the city agency tasked with investigating police misconduct as...
Yesterday, we got the news that CPI prices for May jumped 5% on an annualized basis to show us that inflation is real and serious. Gold jumped on the news, but bond yields went down, telling us that bonds...
On Tuesday I was live on The Ochelli Effect. "In the first hour, Chuck and Mike discuss the brave new world of AI-linked communications via the Alexa program. In the second hour, Pearse tells a tale of...
