by Andrew Moran | Apr 16, 2023 | Articles, Economic Affairs News, Good Reads, Opinion
Let’s be honest: America’s finances will never be repaired, no matter what plan is presented by Republicans and Democrats to ostensibly rein in the budget deficit. Trillion-dollar shortfalls will be permanent, something the American people will have to...
by Andrew Moran | Jan 17, 2023 | Articles, Business News, Opinion
Treasury Secretary Janet Yellen will reportedly be sticking around in the current administration until President Joe Biden’s term ends. Senior White House officials, speaking on the condition of anonymity, told Politico that the president requested she stay on board...
by Andrew Moran | Jan 15, 2023 | Articles, Economic Affairs News, Opinion
It is that time of the year again: Debates over the US debt limit. Treasury Secretary Janet Yellen informed Congress that the federal government will reach its statutory debt limit on Jan. 19, forcing her department to begin “taking certain extraordinary...
by Andrew Moran | Dec 4, 2022 | Columns, Economic Affairs News, Good Reads, Opinion
The reason price inflation reached a 40-year high is not that the federal government approved trillions in deficit-financed spending or that the Federal Reserve is printing trillions more. The consumer price index (CPI) is running north of 7% because of you and your...
by Andrew Moran | Nov 20, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
For many Wall Street firms, the baseline scenario for 2023 is a US recession. However, a few months after coming out of a technical downturn – back-to-back quarters of negative gross domestic product (GDP) growth – the world’s largest economy might already be in...