GDP Shrinks Again as Biden Quibbles over the Definition of “Recession”
The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it.
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.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Jeff and Bob discuss the effect of rising interest rates on Uncle Sam's ability to service debt—and promote the increasingly less radical idea that a default on Treasury debt is both inevitable and good.