Rich Man, Poor Man
The remarkable slowdown of the US economy comes after the Fed pumped up its balance sheet by US$8 trillion since 1999…and then increased the money supply by 50%
Ace Pilot Powell
Ace Pilot Powell
Consumer prices are rising. Real wages are falling. Investors are panicking. Productivity is dropping. The trade deficit is getting worse. Mortgages and car payments are rising.
Hard Landing Ahead
Hard Landing Ahead
All over the planet, prices are rising. Because all over the world, central banks followed the same recipe and baked the same cake.
Reaping the Whirlwind
Reaping the Whirlwind
While farm output prices have risen, farm input prices have risen even more. The Consumer Price Index in the US is rising at an 8.5% rate. But the ‘agflation’ rate — fuel, fertiliser, and animal feed — is going up at almost 30% per year.
Down the Drain
Down the Drain
Last week, we got news that the US economy is now in reverse. It’s no longer growing; it’s shrinking, backing up. Less income, fewer sales, fewer profits, smaller salaries — the whole shebang.
The River of No Returns
The River of No Returns
There are always market leaders. Some companies stand out. Either because they have snazzy new technologies or better business models. And they seem unstoppable…indestructible.
An Elegant Symmetry
An Elegant Symmetry
Inflation has arrived. And the beginning of a recession. And as we saw earlier in the week, the techy high-flyers that did ride so high…doth dismount
Bums at the Fed
Bums at the Fed
Add money to an economy and you give it a temporary, and illusory, boost. Take it away, and what happens?
Robbery and Gender Violence
Robbery and Gender Violence
We’re on our way back to Ireland…for our grandson’s first birthday. It was probably a good time to leave.
Queen of the Bubbleheads
Queen of the Bubbleheads
In the space of 18 months, the Fed increased its balance sheet by US$4 trillion. And the federal government handed out trillions. Businesses, meanwhile, were closed.
