State Of The Consumer

State-of-the-Consumer Copyright (c) 2023 Popel Arseniy/Shutterstock. No use without permission. In our Annual Outlook for 2023, we raised the possibility that the US economy could potentially avert recession in 2023, powered by full employment and robust consumer spending. Thus far, with roughly a month left in the 2nd quarter, the US economy has proven itself…

Private Businesses Reach Their Tipping Point Over Increased Tax Bills

The frustration of business owners regarding their federal income tax payments is palpable. Though no major tax legislation has recently been passed, federal income tax payments are increasing dramatically. With rising inflation, workforce shortages, and supply chain woes, businesses are coming face to face with the prospects of retraction and survival versus expansion and entrepreneurship.…

Repudiate the Faux ‘Debt Ceiling’

Abraham Lincoln reading the Emancipation Proclamation before his cabinet. From an engraving by … [+] Alexander Hay Ritchie after a painting by Francis Carpenter. Bettmann Archive Unlike the by-and-large ethnically constituted states of the “Old World,” the America of the “New World” is a covenant. Indeed it is a covenant of covenants. The overarching covenant…

There Ain’t Gonna Be No Default

U.S. Secretary of the Treasury Janet Yellen shows concern. (Photo by Alex Wong/Getty Images) Getty Images She was at it again just the other day. Treasury Secretary Janet Yellen was issuing warnings to the American people of the approach of Washington’s debt ceiling. As before when speaking on this subject, she suggested that the constraints…