What It Takes to Fight Inflation
If you want to snap a rise in inflation, you need to get the Fed Funds rate above the CPI rate
Map: The Liberation of the Balkans from the Ottomans
The various uprisings against the Ottoman Empire’s occupation of the Balkans
Exporter Food Stocks Hit Lowest Level in Twenty Years
Whereas growing overcapacity may have defined commodity markets over the past decade, those days appear to be over
The World’s Largest Military Aircraft Fleets
The F-16C remains the most common combat aircraft in the world
Inflation Headed Above 3% in the Next Few Months?
Woe to the saver
Raising Corporate Taxes Would Fund the Government for Four Days
Just one line of partisan pork in just one ‘stimulus’ bill already blew years of potential tax revenue from raising corporate taxes to the highest rate in the world
Low Interest Rates Today Don’t Reduce the Government’s Debt Servicing Cost Tomorrow
How does all of this end? Very badly
Wolf Richter: Fed Letting Long Rates Rise in Bid to Tamp Down on Market Exuberance
“A lot of leveraged positions will come undone…”
Where State Debt Is the Worst and Why Those States Are Getting Outsized Covid Bailouts
The outlandish size of the state and local bailout funds has little to do with Covid
Jim Grant: 40 Year Bond Bull Market Is Ending
“The most important price in capitalism is corrupted”