The Smith Anglin Blog

Category: Economy

Banks fail. No matter what guardrails we put in place, how many regulators are supposed to be overseeing them, or how sterling the top executives’ reputations, banks fail. Rarely do they all collapse at once, fortunately, and there aren’t always major reverberations throughout the economy, but bank implosions have happened before, and they’ll happen again. […]

This year, the federal government expects to take in about $4.9 trillion in fiscal year 2023, compared with last year’s $4.8 trillion. You could make the case that, allowing for inflation, government revenues are actually going down, but be careful who you try to make that case to. If it’s to the American taxpayer who’s […]

Mortgage rates are spiking, so people are putting off buying a house. Those who already own their four walls are staying put because they know they’ll never get better loan terms than they have right now. In the meantime, household formations are exceeding housing starts by about 2,000 units every 12 months. That’s actually nothing […]