Higher energy prices sure won’t be a tonic for the “resilient” American consumer, who – if he hasn’t been laid off – is already struggling with stagant wages, worrying about his home being worth less than the mortgage, and attempting to repay some of h…
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the Fed has lost much of its capacity to inflate household net worth and spending. The robust inflationary biases – and fledgling Bubbles – are now in global markets and economies. The “Core to Periphery” financial flow dynamic has …