The trouble with inflation, as we’ve pointed out before, is that it delivers its benefits like a package from Amazon — almost immediately.
In the US, the authorities try to hold off recession with more jackass policies. Neither normal interest rates nor normal, balanced budgets will be allowed.
There is no such thing as a natural rate of unemployment or a ‘neutral’ rate for Fed monetary policy. An economy is never on an ‘even keel.’ It never stands still.
When all is said and done, it’s ‘Inflate or Die.’ Fed chief Jay Powell didn’t want to die. Yesterday, he put his cards on the table.
As soon as the markets gave a hint of trouble, by selling off late last year, the idea of ever getting back to normal was discarded. This economy can’t survive normal anymore.
The Donald appears to believe that the Europeans — and the Chinese — are doing a better job of pumping money than the American Fed.
A remarkable thing happened on Sunday. A strange spacecraft appeared, hovering over our yard.
The economy is slowing down. Factory orders are falling. The trade deficit is getting bigger.
It was in the early 1970s that the idea of ‘stimulating’ an economy began to take hold, first among progressives, later among conservatives.
‘It’s all part of a plan,’ explained a colleague. ‘Trump is not book smart; he’s smart like a fox.’ ‘He knows that Americans need to see some economic improvement in … Read More
Life is about holding on to what you’ve got. This wing of the .01% has money so old that most have forgotten how it was made.
The Fed lowers rates. More money flows into asset prices. People think their stocks are worth more. But they are probably less valuable.
What kind of capitalism is it when the capitalists drive up their share prices rather than producing goods and services that they can sell at a profit?