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The budget problem has arrived. Budget deficits are averaging $2 trillion which means that the government must issue an equivalent amount of debt every year to pay its bills. … Read More

The dogs of Summerville soon will have a new place to play, enjoy a spa day and spend the night. … Read More

After a promising start early in the year, existing home sales have fallen steadily in recent months to the lowest level in years. On the surface it appears that the housing sector is experiencing serious difficulty. … Read More

We believe that the primary cause of the run-up in inflation in 2020 and 2021 was excessive growth in the money supply. … Read More

The Conference Board’s index of leading indicators (LEI) has been falling steadily since December 2021. The index anticipates turning points in the business cycle by around 10 months. … Read More