The Fed is supposed to begin its “pause”…a prelude, it is widely believed, to cutting rates next year. Nearly 20 years ago, we wrote a book, with Addison Wiggin, in which we saw this coming.
More from Bill Bonner
On the Nature of the Universe
Policymakers and Fed watchers are now giving more attention to a new line of argument, that central banks need to take account of what their actions mean for the supply side of the economy.
California Dreamin’
The US has been slipping in the international ratings for at least 20 years…and by some measures, for more than 50 years. The US share of world GDP, for example, has been cut in half, from around 40% in 1960 to barely 25% today.
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