Cold Day in Hell, Part II
As forecast, now we have a recession on Main Street as well as a bear market on Wall Street. But what we don’t have yet is any sign of panic from the Fed
Macroeconomics: Global Central Banks News & Highlights
Fed Up with These Serial Bubble Blowers
Real-life scenarios involving chaos, unintended consequences, unbridled greed/fear, and unforeseen out-of-left-field reactions are not something they can easily relate to in their perfectly simulated and cloistered world.
A Cold Day in Hell
Of particular interest to us here at the Letter is the coming train wreck…when two especially numbskull federal programs. One is making things — especially energy — more expensive by reducing supplies. The other is making them more expensive by increasing demand (in the form of fake money). What happens when they collide? The Fed […]
It’s All Fun and Games Until Someone Gets Inflation
As far as I can tell, there are no consequences for inflation. Except the Bank of England’s famous statutory requirement to formally explain away high inflation in a formal letter…
The Fed Finally Admits It Is Clueless
These are the direct words from Jerome Powell at his recent ECB forum appearance, ‘We now understand better, how little we understand about inflation.’
Midas Bound
Like a good watchdog, gold protects against thieves and natural calamities. It drives off consumer price inflation and barks when it sees your house on fire.
