“Financial Conditions”

The Fed will be focused on “financial conditions” to the extent that they impact the outlook for employment and prices. What does that mean? What “financial conditions” are they watching for? In the simplest terms, bonds and stocks. The bond market is a hundred trillion dollars. The stock market is thirty five trillion dollars. Problems…

“Why is it even like this?”

For African Americans, the government policy decisions made toward the end of World War II – starting with the GI Bill – were basically an economic inequality super-spreader event.