Trapped: The Fed Has Painted Itself Into a Corner

Having committed itself to ultralow interest rates and quantitative easing, the Fed is now caught in a double bind: Continue those policies and keep pumping money into speculative, inflation-hiking commodity bets — or end them…

Putting Consumer Debt Into a Bigger Perpsective

Before the Great Recession, U.S. consumer debt had risen fairly steadily for more than a decade. With the downturn, it finally dropped…until December’s small rise. However, a longer look at the trend of ever-rising debt shows…

Uncle Sam Wants You. . .to Buy Treasury Bonds

The Treasury has to find buyers for trillions of dollars in new bonds needed to fund the federal deficit. It hopes average citizens will pony up and invest in some $337 billion worth. But for a host of reasons, “safe” T-bonds m…