Federal Debt Facts from CATO
CATO published the following summary of the current status of the federal debt:
Category: Economy
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Good Bank, Bad Bank
I am worried that my previous post may have been too favorable to bankers. Bankers are not universally loved. They have a reputation for foreclosing on decent people having a hard time financially, for not lending to anyone except those who don’t need a loan, and so on. Two movies that illustrate this are “It’s…
SVB and Bank Profits
This article in The Economist magazine describes well what happened with Silicon Valley Bank and some other impending bank failures. It also describes the other side of the banking business, which is getting less attention today. The lesson of SVB is don’t borrow long term bonds to back up short term deposits. But SVB had…
Businesses need community support to stay afloat
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic…