Commentary Last week was a grim reminder that the economic chaos of the lockdown period is far from over. Markets discovered that several major banks, which hardly anyone truly suspected were in trouble, faced closure and quick rescue for fear of contagion. The trouble was the same in each case: too many assets held in…
The Fed Is Running Two Policies at Once
How the Boom Bust Works
Commentary If you have a house for sale, you might want to get in front of the market and lower the price dramatically now. I know it hurts, but housing prices are highly sensitive to 30-year mortgage rates. The higher the monthly payment goes, the lower the price paid for the home itself will be….
How Did Elon Musk Know That Twitter Staff Was So Bloated?
Commentary You have to admit that it is a bit strange. Since taking over Twitter, Musk has driven out at least 3 out of 5 people on the payroll. The departing employees have been screaming about this for weeks on every platform. They have predicted doom for the company. Surely the whole platform is toast….
US News
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