
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 →
First quarter growth was driven by Federal government hiring. Higher government cost was a major contributor to the ongoing inflation. Continue Reading →
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 →
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 →
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 →
Reading FDIC documentation, I noticed the agency doesn’t use “bailout.” I’ll try to define “bailout” to understand Silicon Valley Bank. Continue Reading →
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 →
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 wants to force ESG rules on fiduciaries. If markets are efficient, portfolios that maximize returns must outperform all others, Continue Reading →
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 →
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 →