At 2 pm Eastern Time, the Federal Reserve will announce its latest decision on interest rates. Wall Street expects the Fed will raise rates once again. This will bring the prevailing short-term rate to 5%. That means that all forms of Debt will continue to have higher interest payments. This…

You and I are watching financial history in the making. It’s that rare moment when the world’s largest financial market, the US Treasuries, directly opposes the Federal Reserve’s higher interest rate policy. This morning the Fed’s Open Market Committee begins its two-day meeting to determine the next level of short-term…

I grew up during the Cold War. That period when the United States and the Union Of Soviet Socialist Republics squared off against one another. A time when Americans’ free market economic system countered the Central Planning of the Russians. Of course, in the end, the Americans prevailed, and much…

Last week we received some sad, no tragic news. Delivered in that unique way we do on Wall Street, absolutely without emotion, just the numbers. As if we can blunt the emotional impact of lost stores and jobs by using numbers and data. The news was that Walmart was closing…

Peripheral vision is an attribute that is missing in our current crop of financial leaders. They don’t see obstacles out of the corner of their eye. If you’ve noticed, this Federal Reserve focuses on how raising interest rates will curb inflation. …

Not since the 1929 Rose Bowl Football Game have we seen the plans and preparations of one side go so wrong. In that game, Roy Riegels picked up a fumble, ran 69 yards in the wrong direction to score a touchdown for the opposition, the Georgia Tech Yellow Jackets, and…

Last Friday, an obscure regional bank failed. It was Silicon Valley Bank, headquartered just south of San Francisco in an area renowned as the Technology Center of the World. Friday was a historic day for the little Bank. A classic bank run had begun. The New York Post reports that…

Workers are a critical component of any economy. Two centuries ago, when Adam Smith and his cohorts invented the discipline of Economics, they saw three parts to any Economy, Land, Capital, and especially Labor. Later economists would jettison “land” and include “technology” as a key to the Economy. …

Yesterday, Jerome Powell, Chairman of the Federal Reserve, testified before the US Senate. It’s an exercise that Powell performs twice yearly before the Senate and the House of Representatives. And once again, as he’s been doing for nearly two years now, Powell emphasized that the goal of the Fed will…