Featured Articles:

A Lollapalooza of Boondoggles

A Lollapalooza of Boondoggles

BY Bill Bonner POSTED August 11, 2022

As is common for boondoggles of this sort, the spending is front-loaded — so the insiders get their money right away. As for the deficit[...]

Façade

Façade

BY Bill Bonner POSTED August 05, 2022

We’ve been following what we believe is the crack-up of US family finance. Real wages are falling. Mortgage rates are rising. House prices are beginning to[...]

All About the Money

All About the Money

BY Bill Bonner POSTED August 04, 2022

As we guessed last week, the two legs of American middle-class wealth, income and houses, are buckling. It’s still very early…but both seem to have[...]