At the Federal Reserve’s annual August Jackson Hole retreat, Federal Reserve Chairman, Jerome Powell, reiterated the Federal Reserve’s stance that “a gradual process of normalization remains appropriate”. Unfortunately, the path to “normalization” is fraught with […]
Gold assets are part of a portfolio hedge against current and past actions of policy makers to debase currency to socialize risk. In our opinion, rising short-term interest rates are close to reaching the […]
Following the Tax Cuts and Jobs Act, the Congressional Budget Office (CBO) is now projecting total federal debt to reach $33 trillion by 2028. CBO ten-year forecasts have historically underestimated future debt levels quite dramatically. […]
