“The Fed is trapped.” It’s trapped by Bubble Dynamics – a historic Bubble that either inflates or collapses. What the Fed labels as “markets functioning” is at this point a “functioning” speculative Bubble. And feeding this dynamic exacerbates inequality, social instability and financial and economic fragility.
New York | Jay Powell made his first major misstep as Federal Reserve Board Chairman by allowing the central bank to start buying corporate debt.…
How influential is the U.S. mainstream media in defining public attitudes toward pandemic risk, decision-making under severe uncertainty and risks to their own health? It turns out – hugely influential.A new paper from a group of U.S. economists, title…
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Fed QE: $12.801B Coupon Purchase 2020-06-19 NY Fed treasury securities operations
They’re hoping the endless circuses and trails of bread crumbs will forever distract us from their plunder and the inequalities built into America’s financial system..The primary story of the past 20 years is the already-rich have gotten much richer, w…
“Improve” is absolutely a relative condition, a term of art being purposefully used to obfuscate this particular situation. An unfolding disaster.
In a recent post, I covered the difference between M1 and MZM money supply, which effectively links money available to households and institutional investors for investment purposes, including households deposits that are available for investment by th…
Here’s the thing about gambling: risk cannot be made to disappear, it can only be transferred to others.Those taking seats at the gaming tables in the Federal Reserve’s casino believe that they can’t lose. Or more precisely, any losses they suffer…
Weekly data for initial unemployment claims for the week ending June 13, 2020 is out, so here are the updated ‘America’s Scariest Charts’:Index of employment, benchmarked to the pre-recession peak employment:Estimated total non-farm payrolls:And initia…