There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
Will the economy take off and perform much better than anyone anticipates? Don't bet on it.
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
Dr. Jonathan Newman joins Bob to show why you should be wary of charts coming from agenda-driven institutions,
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away.
In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.”
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.
