Sorry, wealthy borrowers, interest rates for your jumbo mortgages will be on par with everybody else. The banking...
Business News
Biden Brings America to Peak Oil
Expectations of peak oil have been around since the dawn of the 20th century. Every ten years or so, some expert...
China’s Economic Long COVID – Swamponomics
Economists thought the red dragon would come out roaring after the Chinese government lifted most COVID-related...
Solyndra Redux? Biden-Adored Proterra Files for Bankruptcy
President Joe Biden, his administration, and Democrats love green companies – except, of course, for Tesla...
US Annual Inflation Turns Higher in the Dog Days of Summer
Some market observers were stumped when Federal Reserve Chair Jerome Powell suggested that the annual inflation...
America Can’t Get Enough Debt – Swamponomics
Would the national economy collapse if the US government and consumers repaid all their debt or if borrowing were...
America’s Trillion-Dollar Borrowing Addiction – Swamponomics
It has been two months since President Joe Biden and House Speaker Kevin McCarthy (R-CA) reached a debt ceiling...
Americans Aren’t Buying Bidenomics
President Joe Biden and his administration have adopted the Thomas Edison way of examining public policy: The...
Moody’s Slaps ‘Safe and Sound’ Banking System With Downgrades
Since the turmoil that saw the collapse of two regional banks this past spring, officials have insisted the US...