Economics 101: Raising the debt ceiling does not matter; the federal government cannot run out of money! Unconventional thinking

From The Washington Post: Trump didn’t solve the debt ceiling crisis. He just delayed it By Heather Long | September 6, 2017 |  4:46 PM EDT John Chambers thought of himself as a quiet, nerdy guy until he started receiving death threats in 2011. The next thing he knew, his Gmail account was hacked and …

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Finding jobs for America’s ‘forgotten people’

From CNNMoney: Trump’s tall task: Finding jobs for America’s ‘forgotten people’ by Heather Long | @byHeatherLong | May 3, 2017: 11:13 AM ET President Trump has had one consistent theme from the first day he entered the race for the White House: “Jobs, jobs, jobs.” He thinks a lot of Americans urgently need work. That’s …

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This is why Donald Trump is President: the economic isolation of the Federal Reserve

From CNNMoney: Fed official: U.S. economy finally back to normal by Heather Long | @byHeatherLong | March 29, 2017: 2:42 PM ET Congratulations, America. The economy is finally back to normal.That’s what John Williams, the head of the Federal Reserve Bank of San Francisco, declared Wednesday. “The data have spoken, and the message is clear: …

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The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The #idesOfMarch : What a perfect day for the Fed to stab President Trump in the back!

As previously noted, the Fed are raising interest rates: Fed raises rates, signals more to come in 2017 by Patrick Gillespie | March 15, 2017: 2:33 PM ET The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since …

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Will the Federal Reserve openly fight President Trump’s economic policies?

The United States’ gross domestic product grew by a paltry 1.6% in 2016, the worst year since 2011, and that growth rate was lower than the Federal Reserve Board’s projection of a 1.9% growth rate, made when the year was already 11½ months over. The growth rate for just the fourth quarter of 2016 was …

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Thud! In 2016, GDP increased only 1.6%, slowest since 2011

From The Wall Street Journal: U.S. GDP Grew 1.9% in Fourth Quarter President Trump has set a goal of generating 4% annual growth by overhauling the tax code and rolling back regulations, among other measures By Ben Leubsdorf and Eric Morath | Updated Jan. 27, 2017 8:50 a.m. ET WASHINGTON—The U.S. economy decelerated in the …

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Fed sees little need for future “stimulus” spending For once, I agree with Janet Yellen!

From The Wall Street Journal: Fed Officials See Less Need for Tax and Spending to Boost Short-Term Growth Shift in thinking comes as economy improves, jobless rate declines By Shayndi Raice | January 16, 2017 8:00 a.m. ET Federal Reserve officials increasingly say they don’t see a need for stimulative government tax and spending programs …

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Yes, deficits matter. They mattered under Bush, they matter under Obama, and they will matter under Trump

From CNNMoney: IMF: Trump stimulus set to boost U.S. growth by Jethro Mullen | January 16, 2017: 9:08 AM ET U.S. economic growth should get a lift from stimulus measures under Donald Trump’s presidency, but it won’t hit the speed he promised anytime soon. That’s according to the International Monetary Fund, which has pushed up …

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The Fed’s interest rate increase, already starting to cost the working class more The FOMC knew that this would happen, but they didn't care

We have previously stated that the Federal Reserve’s Open Market Committee’s decision to raise interest rates by 25 basis points was unjustified and unhelpful. Now, from The Wall Street Journal: Rising Rates Ripple Through Mortgage Market Experts warn homeowners of sticker shock ahead, as interest rates on adjustable-rate mortgages and home equity lines of credit …

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