If Trump needed one more calamity less than three weeks before the election, the financial house of cards is tottering.
Federal Reserve
Posted inEconomic Policy
How Should the Federal Reserve Deal With the AI Bubble?
The turmoil in the AI industry is further complicating the Fed’s upcoming decision on interest rates.
Posted inEconomic Policy
The Lawless Fed
The central bank specializes in not following laws meant to restrain Wall Street.
Posted inEconomic Policy
The Best Protection Against Financial Crises Is Being Destroyed
When Wall Street blew up the economy, they were forced to cut back on risky borrowing. Now those restraints are being ripped away.
Posted inEconomic Policy
Why Scott Bessent Can’t Fix the Bond Market
Every Trump lackey must indulge his whims, no matter how stupid.
Posted inTAP
How the Cost of Money Spikes Inflation
Government borrowing costs are going through the roof—and so are yours and mine.
Posted inTAP
Trump’s New Fed Chair Deserts Trump
Under Kevin Warsh, the Federal Reserve refuses to cut interest rates and may soon raise them.
Posted inPodcasts
Organized Money: The Supreme Court Gives Wall Street Its Own Regulator
The wealthy got the ultimate regulatory carve-out for when this bubble pops.
Posted inLaw and Justice
The Assault on Congress’s Anti-Monopoly Solution
By letting presidents fire independent agency commissioners at will, the Supreme Court broke a deliberate diffusion of power that is as old as the Constitution itself.
Posted inTAP
The Court Equivocates on Whom to Deport
Birthright citizenship appears to be OK, but refugees from ‘shithole countries’ gotta go.