5 Months of QT Down

5 Months of QT Down

We’ve made it to November. The Fed continues its Quantitative Tightening (QT) path. With each...

The Gap! US Mortgage Demand Crashes As Fed Tightens (Taylor Rule Estimate Now 13.85% Versus 4.00% Current Target Rate)

The October Senior Loan Officer Opinion Survey on Bank Lending Practices came out yesterday and...

The Crypto Casino Fails, FTX Files for Bankruptcy $8 Billion in the Hole

It’s all over for FTX. It filed for bankruptcy today and Sam Bankman-Fried, widely known...

No Easy Fix for China As Economy Slows More Than Expected

An unexpectedly weak run of Chinese economic data this month has raised the heat on...

Farm Subsidies and Food Stamps Won’t Fix High Grocery Prices

With government meddling, many farmers end up doing less with more, and people end up...

Biden's Student Loan Forgiveness Plan Is Unconstitutional, Says Federal Judge

“In this country, we are not ruled by an all-powerful executive with a pen and...

Inflation Remains Stubbornly Higher

“The neutral real interest rate is thought to be around 0.25 percent, suggesting the Fed...

Fed Pivot Will Be No Cure For Stock Market's Ills

The Fed’s battle with inflation this year has pitched the stock market into one its...

‘Warning Lights Flash’ As More Workers Seek Help, Says Citizens Advice

The number of people in work seeking crisis support from Citizens Advice has more than...

Inflation Slowdown? Not in Some Cities, Where Consumer Prices Still Top 12%

The spike is even worse in certain cities: Phoenix, for instance, recorded the highest inflation...

Brickbat: You Can't Fail

A government watchdog found that 179 ineligible nonprofit organizations received a total of $684 million...

Powell’s Favored Curve Calls Time on the Fed’s Tightening Cycle

Bond traders are declaring victory over the Federal Reserve’s war on inflation after it slowed...

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