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Desmond Lachman

Desmond Lachman

USA TODAY

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Will Donald Trump Restart America's Inflation Crisis?

There is good news and bad news on the inflation front. The good news is that inflation has come down from its May 2022 high of 9 percent to close to...

13.11.2024 10

The National Interest

Desmond Lachman

Donald Trump: A Threat to the U.S. Economy?

H. L. Mencken, the late American journalist, famously wrote that “Democracy is the theory that the common people know what they want, and deserve to...

06.11.2024 9

The National Interest

Desmond Lachman

Will Donald Trump Trigger a Debt and Dollar Crisis?

Albert Einstein is said to have remarked that “Insanity is doing the same thing over and over and expecting different results.” We have to wonder...

31.10.2024 3

The National Interest

Desmond Lachman

The Big Interest Rate Cut: Is the Federal Reserve Too Late?

At long last, it seems that the Federal Reserve has smelt the coffee that it was keeping interest rates too high for too long for the economy's good....

18.09.2024 3

The National Interest

Desmond Lachman

The Federal Reserve Kept Interest Rates Too High for Too Long: Now What?

At a time when the economy is showing clear signs of slowing and when the banking system is facing serious problems with its commercial real estate...

06.09.2024 8

The National Interest

Desmond Lachman

The Federal Reserve Will Cut Interest Rates. But Can a Recession Be Avoided?

If there is one thing we know about monetary policy, it is that its effects are not often felt until after long and variable lags. In general, it...

23.08.2024 4

The National Interest

Desmond Lachman

Stock Market Crash Proves Federal Reserve Must Cut Interest Rates

Mark Twain is often credited with saying that history does not repeat itself, but it does often rhyme. He might well have been talking about the stock...

05.08.2024 3

The National Interest

Desmond Lachman

Recession Coming? Why the Federal Reserve's High Interest Rate Policy May Backfire

The Federal Reserve is no stranger to doing too little too late when it comes to monetary policy. This makes it all the more regrettable that today,...

02.08.2024 8

The National Interest

Desmond Lachman

The Federal Reserve Could Accidentally Start a Recession

Today’s stronger-than-expected GDP numbers make it very unlikely that the Federal Reserve will start an interest rate-cutting cycle at its policy...

25.07.2024 4

The National Interest

Desmond Lachman

Why Won't the Federal Reserve Start Cutting Interest Rates?

Milton Friedman famously taught that monetary policy operates with long and variable lags. By this, he meant that the effects of raising or lowering...

12.07.2024 10

The National Interest

Desmond Lachman

High Interest Rates and Economic Risks: Is the Fed Missing the Warning Signs?

Milton Friedman famously taught that monetary policy operates with long and variable lags of anywhere up to eighteen months or two years. Jerome...

07.06.2024 10

The National Interest

Desmond Lachman

Lower Interest Rates Won't Come to the Rescue for Joe Biden

In the run-up to this year’s presidential election, President Biden, like previous incumbents, would like the Federal Reserve to cut interest rates....

03.05.2024 20

The National Interest

Desmond Lachman

The Federal Reserve Has A Big Choice To Make

So much for the soft economic landing.  The disappointing consumer price inflation numbers released on April 10 suggest that inflation will not come...

10.04.2024 10

The National Interest

Desmond Lachman

The Federal Reserve's High Interest Rates Could Morph Into a Crisis

When it comes to economics, there are few things about which we can be entirely sure. However, following today’s stronger-than-expected employment...

05.04.2024 9

The National Interest

Desmond Lachman

The economy looks good, but underlying weaknesses threaten to bring recession

There is an old Wall Street joke about a man who jumped off the Empire State Building; when asked at the 40th floor how he was doing, he replied,...

27.03.2024 30

New York Post

Desmond Lachman

The world’s drowning in debt — brace yourself for economic turbulence

As Harvard’s Kenneth Rogoff and Carmen Reinhart said in their book “This Time Is Different: Eight Centuries of Financial Folly,” unless...

22.02.2024 40

New York Post

Desmond Lachman

Is the Federal Reserve Fighting the Last War?

It is often said that generals tend to fight the last war. Something similar might be said of Jerome Powell’s Federal Reserve. At a time when both...

13.02.2024 20

The National Interest

Desmond Lachman

Booming Economy? Joe Biden Could Soon Face a Banking Crisis

This week, there has been some good and some bad news about our economy. The good news is that the economy continues to create jobs at a highly...

03.02.2024 20

The National Interest

Desmond Lachman

The Federal Reserve Keeps Making the Same Mistake

Mark Twain allegedly said, “History never repeats itself, but it often rhymes.” He might very well have been talking about today’s Federal...

31.01.2024 30

The National Interest

Desmond Lachman

Why a U.S. Recession in 2024 Could Still Happen

Wall Street traders are fond of saying that the consensus economic view is seldom proved correct. Today’s stronger-than-expected GDP numbers and...

25.01.2024 10

The National Interest

Desmond Lachman

Steel yourself — the stock market is irrationally exuberant again

The Dow closed Monday above 38,000 for the first time, and the S&P 500 had a record finish too.

23.01.2024 10

New York Post

Desmond Lachman

Is the Federal Reserve prepared for the coming deflationary shock from China?

Anyone doubting that China has pursued an unsustainable growth model need only look at its property and credit market bubble.

18.01.2024 20

New York Post

Desmond Lachman

The Federal Reserve’s Inflation Nightmare Won’t Go Away

When Henry Kissinger asked for his opinion about the influence of the French Revolution, Chinese premier Zhou Enlai purportedly replied that two...

11.01.2024 20

The National Interest

Desmond Lachman

With government debt topping $34 trillion, America is on a financial road to ruin

On Tuesday, the Treasury Department reported that the public debt has now topped $34 trillion.

06.01.2024 60

New York Post

Desmond Lachman

Don't Get Excited: The U.S. Economy Is In Bad Shape Below the Surface

There is an old Wall Street joke about a man who jumped off the Empire State Building. When asked how he was doing while passing the fortieth floor,...

05.01.2024 6

The National Interest

Desmond Lachman

2024: The Year the U.S. Economy Could Enter a Recession

Shortly after the 2008–2009 Great Economic Recession, an apocryphal story circulated about the captain of the Titanic. When asked in the...

26.12.2023 6

The National Interest

Desmond Lachman

The Federal Reserve Has a Money Supply Problem

There was some good news and some bad news coming out of yesterday’s Federal Reserve interest rate-setting policy meeting. The good news is that the...

14.12.2023 7

The National Interest

Desmond Lachman

The Federal Reserve’s Money Supply Problem

If the past is any guide, when the Federal Reserve meets next week, of one thing we can be sure. The Fed will continue to adhere to a strictly...

06.12.2023 30

The National Interest

Desmond Lachman

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