The money supply contracted for the first time. What does stagnation mean.

font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more

A summer of sovereign debt crises may come. Is the Fed ready?

font size Desmond Lachman writes that conditions in the US were already sufficient to justify a halt to the Fed’s rate hike. Kevin Deitch/Getty Images About the author: Desmond Lachman He is a senior fellow at the American Enterprise Institute. He was Deputy Director of the Policy Development and Review Department at the International Monetary … Read more

How did the stock market perform under Biden?

Stock performance in Biden’s first two years was the worst in 20 years. Getty Images font size President Joe Biden begins his third year in the Oval Office on Friday. For investors, his tenure has been marked so far by worst performance Since George W. Bush’s first two years in office. Biden, at least, has … Read more

Inflation is not the biggest problem in the stock market right now. deflation is.

font size Tesla cut the prices of some of its vehicles by as much as 20% last week as inventory piled up and order prices plummeted. Brandon Bell/Getty Images High intergenerational inflation It was the story of 2022. This will not be the story of 2023. The bogeyman of negating inflation — and even some … Read more