Personal Finance

Barnett and Company
Personal Finance

Fed Bazooka Morphs Into A Cannon

The scourge of the novel coronavirus and the draconian measures required to tame it will inflict damage on the US economy such as has not been seen since the Great Depression. Unprecedented threats call for unprecedented measures, and on Monday morning the Federal Reserve delivered.

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Barnett and Company
Personal Finance

How the US Treasury finances the debt

The government borrows money regularly by issuing bonds of varying maturities from four weeks to 30 years by means of a public auction process that determines the effective rate to be paid. Here’s how it works.

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