Blame the Fed for Both the Inflationary Boom and the Inevitable Bust
Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.
Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German policy making.
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."
The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it.
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.
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."
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.
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.
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.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.