Past Midway Ramblings on Business & Life

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The Expanding Federal Reserve – Part 3

This is Part 3, the final part, in my series on the Fed. Review In Part 1, we discussed the Fed’s massive financial intervention into the mortgage-backed security market during the 2008+ recession. During this time, the Fed pumped ~22% of a single-year’s GDP into the market, spread across six years. Keep this figure in the back of your mind because we’ll revisit this enormous, unprecedented slug...

CARES Act – a Comprehensive Summary

When possible, I prefer to read original source documents for my research, rather than summarizing secondary or tertiary sources. Consequently, I read the entire 880-page Senate amendments to the CARES Act yesterday and today. I made summary bullet points as I read. Accidentally, this became a 7-page condensed version with 175 succinct points, a line-by-line accounting of where the money is...

Past Midway Ramblings on Business & Life

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