This pretty much sums up our current problem:
“We need rules to ensure that the Fed judiciously monitors financial conditions from a broad perspective. We need rules that would impose discipline when our economy runs persistently large Current Accoun…
The Fed can only choose the least-worst option now: either destroy the real economy by sinking the dollar below support and unleashing the Inflation Monster, or abandon the “risk trade” stock market rally.
The Fed’s game plan–sink the U.S. doll…
There is risk that the FIRE economy will resume. Remember that we’re in the middle of bizzaro world here as far as finance and credit origination go.
Although we have the same issues as we had in the 1930s, this isn’t the 1930s and the United State…
He wrote this Mar 9 apparently, before “another liquidity problem” was “discovered” in Japan.
On High Alert Momentum Peak Forecaster Bob Hoye Institutional Advisors
This Time Around
The forecaster reached 1.28 at the end of December which compares …
10 Some genius will work out that taxes will have to rise.
20 Higher taxes will hit economic productivity.
30 Lower economic activity will hit asset prices.
40 Lower asset prices will cause defaults on debt.
50 Higher defaults will reduce eco…
Well, the alleged purpose of this fiscal and monetary insanity is to ludicrously and tragically attempt to, literally, buy the government out of bankruptcy with all this new money, while simultaneously continuing to pay the half – half! – of th…
“If the Fed then stops creating money and buying assets, the stock market will crash, consumption will contract, and the recession will resume with even greater intensity. So, the Fed won’t stop. It will have to create more money and repeat the proce…
“The Ruinous Cost of Fed Manipulation of Asset Prices
“My diatribe against the Fed’s policies of the last 15 years became, by degrees, rather long and complicated. So to make it easier to follow, a summary precedes the longer argument.
If I were …
Michael Derby had a piece in the Journal covering Minneapolis Fed Pres Catchadodgedakota saying the new Fed asset buys won’t do much. That’s a misdirection…
