Fed Policy The first rate hike since July 2023 just landed — here's what the 12–0 vote, the December dot, and your bond fund mean New Fed Funds Rate 3.75–4.0% Vote 12–0 Dow Jones −614 pts Trump's Target Rate "1% or less" By Arthur Callahan 17 Sep 2026
Economy The US debt just hit $40 trillion and debt service is now bigger than the entire defense budget A trucking company that spends more servicing its debt than it earns in operating profit is not a going concern — it is a restructuring case By Arthur Callahan 20 Aug 2026
Economy The $955,411 Liability: How public debt is shifting to your private savings. A silent, coordinated transfer of risk is currently reshaping the financial landscape of retirement, shifting massive liabilities from public balance sheets directly onto private savings. By Arthur Callahan 15 Jul 2026
Economy 1.3 Million Workers at Risk: A Macro Analysis of the New Choke Point Last week, I was talking to a former logistics colleague who now runs commercial drywall crews near Columbus. He looked at his upcoming pipeline and By Arthur Callahan 10 Jul 2026
Economy The $4,000 Gold Floor: An Auditor’s Take on Wall Street’s Mixed Signals Last week, spot gold took a hard dive and tested the $3,960 threshold. For anyone who accumulated hard assets near the January peak, watching By Arthur Callahan 9 Jul 2026
Fed Policy The Warsh Defiance: Why Trump’s Fed Pick Just Blew Up the Soft-Landing Narrative If you are allocating capital under the assumption that a handpicked Federal Reserve Chair will automatically prioritize the political goals of the White House over By Arthur Callahan 29 Jun 2026
Inflation The May PCE Print: Institutional Gaslighting and the Fixed-Income Trap If you believe the digital firewall surrounding your retirement account is a permanent shield, you are operating on obsolete assumptions. The Bureau of Economic Analysis By Arthur Callahan 25 Jun 2026
