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Jon Wolfenbarger is Founder and CEO of Bull And Bear Profits, an investment website. Send him email.
Booms and BustsCentral BanksThe FedInflationBusiness Cycles
Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.
Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one.
Rising employment is certainly good news for the economy and living standards, but there is much more to this story that is concerning for the economy.