Legal Fatigue Is Causing Societal Collapse

BY BRIAN SCHROEDER The recently elected Manhattan District Attorney has directed his office to stress “alternatives to incarceration.” Some states have altered theft laws such that it is a misdemeanor if the dollar amount is below a certain threshold. Lenient bail laws are letting violent offenders back on the streets hours after booking. Much like a … Read more

Fed Caves on Tightenings

by Adam Hamilton of Zeal LLC At mid-December’s Federal Open Market Committee meeting, Fed officials began discussing quantitative tightening.  Effectively selling previously-monetized bonds to unwind quantitative-easing money printing, this revelation from the minutes rattled markets in early January.  But hawkish-jawboning talk is cheap, as the Fed’s last QT campaign proved.  It was prematurely abandoned after stock markets threatened … Read more