News
Fed warns of hidden leverage lurking in financial system
Central bank says Archegos collapse shows it lacks tools to see full extent of risk-taking
Reports of labor shortage, inflation pose challenges for White House
Senior Biden economic officials have in recent weeks been peppered by complaints from restaurant groups, the construction industry and other businesses about their inability to find enough workers as the U.S. economy begins to recover from the pandemic.
Three Reasons Why the Biden Tax Increase Makes No Sense
Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math. Biden’s announcement of a massive tax increase on businesses and wealthier segments of the population simply makes no sense.
How Market Capitalization Works (And a Look at Rolling Bubbles)
The key reason to understand market capitalization dynamics is because they affect how market bubbles play out, and we’ve been in a period of rolling market bubbles, with certain sectors or asset classes getting temporarily out-of-hand before correcting. In addition, there’s a particularly strong virtuous/vicious cycle for US asset valuations, offset by trade imbalances, that we need to monitor.
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