First Quarter GDP
First quarter growth was driven by Federal government hiring. Higher government cost was a major contributor to the ongoing inflation. Continue Reading →
Category Archives: Current issues
Rep. Kevin Kiley on AB5 and the PRO Act
Rep. Kevin Kiley (R-CA) talks about the damage AB5 has done to California. He warns about the PRO Act’s potential to wreck the US economy. Continue Reading →
The Twitter Files
This article features a downloadable zip file of 19 of the 20 Twitter files threads. Matt Taibbi did most of the heavy lifting. Continue Reading →
Silicon Valley Bank Article Index
This is my Silicon Valley Bank article index, a one-stop shop for all things SVB including links to my articles. I will update this as I add new stuff. Continue Reading →
Defining “Bailout” to Understand Silicon Valley Bank
Reading FDIC documentation, I noticed the agency doesn’t use “bailout.” I’ll try to define “bailout” to understand Silicon Valley Bank. Continue Reading →
Silicon Valley Bank and the Regulators
One question that has come up is whether this was a failure of regulation. Stanford Prof. John Cochrane is a proponent of this idea. I don’t find his arguments persuasive. Continue Reading →
Silicon Valley Bank
On March 10, Silicon Valley Bank was closed by the FDIC. The main cause was an incompetent management team that wasn’t interested in banking. Continue Reading →
Biden Administration Trying to Force ESG Rules on Fiduciaries
Biden wants to force ESG rules on fiduciaries. If markets are efficient, portfolios that maximize returns must outperform all others, Continue Reading →
Baby Formula Shortage
There is a baby formula shortage in the U.S. today. Relaxing U.S. restrictions on imports would help. Congress is incapable of doing that. Continue Reading →
Fourth Quarter GDP
GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →