The poorly-named “Inflation Reduction Act” was just passed by Congress. Democrats rave that it will reduce inflation. Republicans crow it will not! They’re both right . . . a little! Think of it this way: If you own a $1,000 CD, you get paid interest. The money spent buying the CD is called principal. The … Continue reading Two Shades of Gray
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
Yesterday’s monthly “jobs report” was a good example of when good news is not so good. Expecting a healthy 258 thousand jobs were created last month, Wall Street was stunned to see twice as many jobs were created. It was a blow-out number, suggesting the economy was still strong, but why did Dow futures suddenly … Continue reading Good News = Bad News
My ex-wife was fond of saying that one of the biggest problems with men is that they just can’t stop competing with other men . . . even dead men. Paul Volcker (1927-2009) was the Chairman of the Fed from 1979 to 1987, when he was succeeded by Alan Greenspan. A product of Princeton and … Continue reading Wisdom of Ex-Wives ?
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