Category Archives: Economy & Markets

US Household Wealth Hits New Record High Near $93 Trillion

Today I have more encouraging news to report about the US economy and the financial well-being of American households, specifically. At the end of today’s post, I have some comments on yesterday’s much-expected interest rate hike by the Fed policy committee. A new report from the Federal Reserve released last week found that US household…

More Americans Want to Downsize Homes Than Upsize

There is so much in the news of late that I really don’t know where to start today. There are so many hot topics I could discuss below. There’s the unprecedented media attacks on President Trump; the Obamacare repeal and replace issue; the economy which is in flux; the upcoming Fed meeting next week and…

National Debt To Hit $20 Trillion Very Soon

According to the USDebtClock.org, the US national debt stands at $19.980 trillion. That means our national debt will top $20 trillion later this month or next. Over the past 20 years, our national debt has quadrupled under both Republican and Democratic presidents and Congresses. The debt actually doubled during the eight years of President Obama,…

Foreigners Are Selling US Treasury Bonds – Should We Worry?

Overseas investors and some foreign governments are reducing their holdings of US Treasury bonds. The mainstream media is making a big deal out of this and wants us to believe that it’s happening because Donald Trump is the President. Yet there’s a problem with that analysis. The unloading of Treasuries began last summer when the…

Fed’s Yellen Turns Hawkish – Rate Hike As Early As March

Federal Reserve Chair Janet Yellen appeared before Congress on Tuesday for the first day of her semiannual testimony on monetary policy. In a surprise to many, Yellen gave the markets a wake-up call — that the Fed is serious about raising interest rates three times this year, and possibly as early as the next Fed…