Money and Banks

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GDP Shrinks Again as Biden Quibbles over the Definition of "Recession"

Money and BanksU.S. Economy

Blog07/28/2022

The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it. 

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The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance

Money and Banks

Blog07/27/2022

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

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Like the Fed, the ECB Is Still a Long Way from "Normal" Monetary Policy

Money and Banks

Blog07/22/2022

It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation. 

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Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed

Money and Banks

Blog07/13/2022

June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.

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How Governments Expropriate Wealth with Inflation and Taxes

Money and Banks

Blog06/27/2022

Did you feel happy when the government gave you a check paid with printed money? Watch now as your daily groceries, gas and power become unaffordable.

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US Household Saving Rate Vanishes, Credit Card Debt Soars

Money and Banks

Blog06/22/2022

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

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Powell's "Soft Landing" Is Impossible

Money and Banks

Blog06/20/2022

After more than a decade of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, a soft landing is impossible.

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Respect the Fed? No, End the Fed

Money and Banks

Blog06/07/2022

Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.

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Greenspan Would Be Proud: A Lesson in Fed Speak

The FedMoney and Banks

Blog06/04/2022

The Federal Reserve continues the proud Greenspan tradition of obfuscation and confusing language to describe its reckless actions.

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Biden: Inflation Is Everybody’s Fault but Mine

Money and Banks

Blog05/10/2022

For the past six months, the regime has repeatedly used whatever bogeyman could be blamed for inflation—so long as the central bank remains blameless. First it was "greed," then it was covid, and now it is "Mr. Putin."

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