Money and Banks

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Ryan McMaken

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.

Ryan McMaken

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

Ryan McMaken

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."

Ryan McMaken

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. 

Ryan McMaken

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.