by Andrew Moran | Aug 22, 2023 | Articles, Business News, Opinion
Sorry, wealthy borrowers, interest rates for your jumbo mortgages will be on par with everybody else. The banking industry has been through turmoil this year, from failures to skyrocketing interest rates. Despite assurances that everything is as smooth and slick as...
by Andrew Moran | Aug 12, 2023 | Business News, Lights, Camera, Action, Opinion, Swamponomics
It has been two months since President Joe Biden and House Speaker Kevin McCarthy (R-CA) reached a debt ceiling agreement that was comically named the Fiscal Responsibility Act. Both Republicans and Democrats took a bow, declaring that it would be the first step...
by Andrew Moran | Jul 27, 2023 | Articles, Economic Affairs News, Opinion
Twenty-two years ago, Gladiator was the best motion picture at the Academy Awards, the Arizona Diamondbacks defeated the New York Yankees in the seventh game of the World Series, and President Joe Biden was serving his 28th year in the Senate. Oh, and interest rates...
by Andrew Moran | Jun 18, 2023 | Articles, Business News, Opinion
It has been 15 months since the Federal Reserve kicked off its quantitative tightening campaign, a monetary policy that raises interest rates from historically low territory and trims the $9 trillion balance sheet. In March 2022, economists and market analysts priced...
by Andrew Moran | Mar 23, 2023 | Articles, Economic Affairs News
Can the American people feel confident about their deposits in US banks? It depends on whom you ask. Federal Reserve Chair Jerome Powell all but confirmed that depositors could sleep easy at night knowing their money is safe. Treasury Secretary Janet Yellen rejected...