Over the past several months, there has emerged a divergence in sentiment; or, more precisely, sentiment indicators. The ISM’s PMI’s have remained at or near their lowest levels (in years) while IHS Markit’s have moved somewhat higher. Since the narrative has shifted toward “growth scare” at the same time, you can guess which surveys have […]
Eventually the younger generations will connect all the economic injustices implicit in ‘OK Boomer’ with the Fed.Much of the cluelessness and economic inequality behind the OK Boomer meme is the result of Federal Reserve policies that ha…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The Chinese government was serious about imposing pollution controls on its vast stock of automobiles. The largest market in the world for cars and trucks, the net result of China’s “miracle” years of eurodollar-financed modernization, for the Chinese people living in its huge cities the non-economic costs are, unlike the air, immediately clear each and […]
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
It was all fun and games enriching the super-wealthy but now the karmic cost of the Fed’s manipulation and propaganda is about to come due.
Rarely has failure been celebrated so much. But it is of little wonder, after all as all asset classes rose in 2019 in spite of slowing growth and flat to declining earnings. […]
The Democratic Party is at a crossroads. On a host of issues, it is clear what we stand for but…