Congress May Have Ordered Yellen to Trigger a Debt Crisis
Treasury Secretary Yellen warned Congress that the Treasury could run out of cash shortly after Dec. 15 due to spending for infrastructure.
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Author: Michael Carr
Biden’s Oil Sale Is Bullish — or Meaningless
Biden plans to liberate oil from the Strategic Petroleum Reserve (SPR), but history shows that doing so will have little effect on prices.
Forget Inflation! The Fed Is on the Fast Track to Slow Growth
Inflation is on everyone’s mind. The Federal Reserve may be partly to blame, as its involvement is reminiscent of the Bank of Japan.
Retail Sales May Disappoint for Months
Retail sales continue to see strong numbers since the pandemic, but holiday shoppers are changing their habits.
Policymakers Ignore One Inflation Problem
White House officials admit inflation is a problem. Biden’s safety bill does nothing to combat rising housing costs.