Protect Your Future Today
With the Federal Open Market Committee (FOMC) moving last week to cut its target federal funds rate by 50 basis points, all eyes are on next week’s FOMC meeting to see what the Fed does next. The expectations are for the Fed to continue cutting interest rates, as other...
If you’re not familiar with the President’s Working Group on Financial Markets, you should be. Also known as the Plunge Protection Team, the group works behind the scenes to shore up financial markets. Consisting of the Treasury Secretary, Federal Reserve Chairman, and the Chairmen of the Securities Exchange Commission...
In a move that hasn’t been made since the financial crisis, the Federal Reserve this morning announced that it was cutting its target federal funds rate by 50 basis points, to 1 to 1.25%. The move came just two weeks before the Federal Open Market Committee was scheduled to...
There seems to be a great deal of complacency among many in the United States about the effect that the coronavirus will have on the US economy. Thus far it’s been treated as an issue that only affects China, and whose effects on the US economy will be limited....
One of the characteristic traits of an economy that is circling the drain is one in which the central bank directly monetizes the debt issued by the government. Once that starts to happen, there is no check on the government’s ability to spend money, and the currency unit quickly...