In 2020, Jamie and Sarah McCauley filmed themselves tearing up, repainting and restoring second-hand furniture. They resold the items, made over $1,000 in profit, and posted the results on YouTube. Within a week, the video received 20,000 views. The McCauleys, who live off a variety of side hustles, sensed an opportunity. They started posting more …
In 2005, Fed Chairman Alan Greenspan told Congress that “a nationwide housing price bubble does not seem likely.” Of course, not only had a housing bubble formed, it was nearing its peak just as Greenspan was delivering this message on Capitol Hill. Fast forward to 2022, and the scars of the last bubble have clearly …
The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will dampen inflation by reducing demand, especially in interest-rate-sensitive sectors like home and car purchases. The newly elected Republican House majority will try to further reduce demand by pushing hard to “cut spending.” A recession …
Fed policy: looking at the wrong side of the telescope Read More »
