TKC is not an economist.
We firmly believe that neither bloggers not journalists with 2nd-choice-lower-Ivy-League credentials in sociology should be setting monetary policy.
However . . . Giving away free money just as fast as the gubmint can print it just doesn't really seem like a plan that inspires confidence amongst stakeholders.
And so . . . We simply share this collection of news items and ask financial gurus in the comments for their hot take that might or might not provide insight on the post-COVID economy.
A new interchange in Johnson County and electric buses for Kansas City are in the new infrastructure bill being considered by the House Wednesday.Area lawmakers are in important positions to decide the fate of the bill. This is money for roads, bridges and promoting climate change. U.S. Rep.
Halfway through 2021, and about six months into the Biden administration, the U.S. economy has by many metrics made a full recovery from the Covid-19 pandemic. One year ago, nationwide business closures sent the unemployment rate climbing to 13.3%. It's now at 5.8%. Average hourly wages are now higher than they were just before the pandemic.
Former Treasury Secretary Robert Rubin said there's a "material risk" that the U.S. could see persistently elevated inflation and urged policymakers to be careful to avoid overheating. Rubin, who served in the Clinton administration, also said ex-Obama administration adviser Larry Summers has done "a great public service" by ringing alarm bells that the recent spike in prices may fail to dissipate amid trillions of dollars in pandemic-relief spending.
Joe Biden ran on a platform to Build Back Better -strengthen the American economy at home to better compete internationally and accomplish a better measure of equality and racial justice. Sadly, his budget appears to embrace the Italian playbook-excessive borrowing to buy off the progressive movement.
LONDON, June 30 (Reuters) - After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved. Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen have made for compelling viewing.
The National Republican Congressional Committee (NRCC) on Wednesday rolled out a July 4 digital media campaign targeting vulnerable House Democrats on the issue of inflation. The 15-second spots from the House GOP's campaign arm invoke the rising costs of "burgers, buns, propane and gas" ahead of the July 4 holiday.
This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. This story originally appeared on ValueWalk People have been anxiously waiting for another round of stimulus checks, but so far, there hasn't been any official talks on it.
First we'll check the local angle and then share more news regarding the bigger picture . . .
You decide . . .