Can We Grow Out of This? Imagine you’re in charge of America’s money. Now What? You just became U.S. Treasury Secretary. The Fed isn’t lowering rates for you. The government spends more than it collects, debt keeps growing, and borrowing is expensive. Your job: make the math work. So, what do you do? Raise taxes? Cut spending? Change how the government borrows? Hope inflation cools? Or simply wait …? There are plenty of levers to pull. But underneath almost all of them sits one surprisingly simple piece of math. So, let’s see .⇩ SPONSOR BREAK presented by Brownstone* Trump Takes on Foreign...

Gold vs. 5%… Gold has had quite the run. The metal is hovering around $4,400 an ounce, while the 10-year Treasury yield came within a whisker of 5% this week. Put those two numbers next to each other and things get interesting. Historically, higher yields have tended to make life harder for gold. Not every time, and certainly not in a straight line — but the relationship has been one of the more useful ways to understand the metal. Right now? Gold doesn’t seem particularly bothered. So we went looking for what else might be keeping it up. The trail leads from interest rates… to central...