Be Real, We Have Defaulted In the Past

David Henderson & Jeffrey Rogers Hummel, AIER

"Whatever you think of the wisdom of Hamilton's moves, our point is simple and stark: The US government has defaulted in the past." ~ David R. Henderson and Jeffrey R. Hummel

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Do Whatever It Takes On Debt, Don't Give In to GOP Extortion

Paul Krugman, NYT

But don't give in to Republican extortion.

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5.6% 'Loss of Income' Stat: Almost As Dumb As the Lockdowns

John Tamny, RCM

It was difficult not to chuckle last week when reading headlines about a projected 5.6% drop in future income for Americans who saw their education stunted during the coronavirus lockdowns. About the...

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Don't Buy T.D. Jakes' Claim That Wells Fargo Has Fixed Itself

Anthea Butler, MSNBC

The bank has paid billions of dollars to settle claims that it has discriminated against or otherwise taken advantage of its customers.

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Bank Fears Are a Reminder That Now Is the Best Time to Invest

Market Minder, FI

They could be a call to reconsider how much cash you carry in your asset mix.

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The Deflation Is Here, and It Wasn't the Rate Hikes

Jeffrey Snider, RealClearMarkets

Just a few months ago, Mohamed El-Erian was decrying a "paradox of financial conditions" as he called them. Writing in the Financial Times, El-Erian was speaking for quite a lot of establishment...

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Fed Announcement Implies That a Pause Is Finally Here

Luke Lango, InvestorPlace

Today's press release read exactly like it did back in June 2006, when the Fed executed the last of 17 rate hikes, then paused.

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