DailyFriend.co.za. April 26, 2026 In the novel The Sun Also Rises, Ernest Hemingway’s character Mike Campbell is asked how he went bankrupt. He famously replies, “Two ways, slowly and then suddenly.” The United States today is in the “slowly” phase. Savvy economist and interest rate guru Jim Grant agrees that “The U.S. government is going broke but is not now broke.” In every year for two decades … Continue reading The USA Is Going Broke
Daily Friend American Dispatch October 12, 2025 Continue reading Making Sense of the Trump Economy
South China Morning Post September 17, 2023 Read the article Continue reading The Fed Must Keep Interest Rates High to Assure Victory in the Fight Against Inflation
Warning lights are flashing—gasoline is up 40%, home prices are surging, the labor market is tight, and supply disruptions are creating shortages. Inflation has doubled to a 13-year high of 5.3%. Unless the Fed scales back monetary stimulus, the economy will move dangerously close to a treadmill of spiraling inflation. To be clear, since the covid pandemic struck in early 2020 the Fed has done the … Continue reading Washington Must Cut Back on Stimulus
Barry D. Wood 