Amid all the euphoria about Trump’s big spending plans comes a reality check from the U.S. consumer. In this article , you’ll see that in-store retail sales for the Friday and Saturday following Thanksgiving fell 3.5% compared to the prior year. It is true that more sales are happening online and that bargains are available beyond the traditional “Black
The idea that the Fed is immune from politics is a myth. The Fed is acutely aware that its “independence” is really the creation of Congress — and what Congress giveth, Congress can take away. Pressure has been building on Capitol Hill for years to audit the Fed, and hold the Fed accountable to some rule to
The U.S. dollar and U.S. control over the dollar payments system are two of the most powerful weapons in the U.S. strategic arsenal. Over 60% of global reserves and over 80% of global payments are in U.S. dollars. All of those dollars have to be cleared and settled in one of a few dollar wire
