Daily Archives: March 18, 2021

Central banks cite COVID-decimated job markets as a reason to maintain rock-bottom overnight lending rates and bond-buying programs.  The trouble is that they have little power over the five to thirty-year bond yields that set consumer borrowing costs, and these … Continue reading →

It’s not just small businesses that have piled on debt during the pandemic; as explained below, publicly traded companies have issued record ‘IOUs’ to income-desperate buyers over the past year.  Corporate debt prices rise and then fall with equity markets … Continue reading →