Economic and Financial Graphics
The Mortgage Bankers Association reported in March 2022 that the medium mortgage application payment jumped to $1,736. This is caused by both home prices and interest rate increases.![]() The 2021 - 2022 US Housing
Bubble as
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Do The Rich Pay Their Fair Share of Taxes?
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In Kingdoms and Dictatorships the top 10% would probably have little tax because they were friends of the Kings or ruling class.
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June 2021 Comment on The Economy
Some of Us Are Very Concerned
International Economy, provides insights on economic and policy issues
The Federal Reserve has increase the money supply by
over 30% in the last year. This is the greatest increase in the history of
our nation.
DFIN believe that the excessive simulative fiscal policies
(government spending) and simulative monetary policy does not bode well for our
near term economy.
Think of this money as an IOU. The image below is a Bank of Italy $100 bill. Printed in 1927 just before the banks name was changed to Bank of America. I would argue that this money had greater buying power and was more secure than a US $100 bill today.