ECONOMICS

Authored by Doug Casey via the International Man,

International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation.

The US government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate.

Below is a chart of the budget for the most recent fiscal year, which had a deficit of nearly $1.7 trillion.

Before we get into (more…)

By Mish Shedlock of MishTalk

The teacher’s union and Gov. J.B. Pritzker kills scholarships for 9,600 poor children.

On November 1, the Illinois Policy Institute discussed the Last Stand for School Choice in Illinois

The Last Stand Dies

Here is today’s announcement: School Choice Dies in Illinois

I Despise the Teachers’ Unions

I absolutely despise the Teachers’ Unions, especially Illinois. They hold kids hostage for unjustified wages and benefits and (more…)

Authored by Daniel Lacalle,

Market implied Fed Funds rate discount a string of cuts starting in January 2024 and culminating in a 4.492 percent in January 2025. These expectations are based on the perception that the Federal Reserve will achieve a soft landing and that inflation will drop rapidly. However, market participants who assume rate cuts will be bullish may be taking too much risk for the wrong reasons.

The messages from the Federal Reserve contradict the (more…)