by Summary:
Fed’s “remedies” are a failure so they change the rules to make it look like it’s working.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Fed’s “remedies” are a failure so they change the rules to make it look like it’s working.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
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Mike Norman writes Wishful Thinking
| Fed’s “remedies” are a failure so they change the rules to make it look like it’s working. |
Mike, what do you think of the Chinese deflation story? Is massive deflation coming to China soon?
It seems to me that the inflation target should be able to float based on GDP growth forecasts – if growth is projected to be strong, higher inflation not a big problem, but if weak, lower inflation should be pursued. What am I missing?
agreed…they are lame…let's keep taking their money…
Hilary may bring rain to BC and help quench the forest fires.
Hillary Clinton?
Beware of investment advice from Zero Hinge.
ya John B Taylor came up with that.
sounds like the new pricing norm ever 20 or 30 years they do that
I agree with you about inverted yield curve. Too many fake experts talked about as signs of recession, and my observation is that recession come because of another reason.
good stuff. agree Burry is not worth following.
Like always Mike…. you are the only one i have the bell activated for on the YT account. Love you from Romania.
Mike you should run for president.
Margaret Thatcher said there is no such thing as public money. There is only taxpayer money. If a person this dumb can be prime Minister of England I'm sure you could be president of the United states. How hard would it be to be better than Biden and Trump? Not hard at all. Just imagine you could spend many months teaching people about MMT during your campaign.
Fitch must think that the fed will run out of keystrokes.
https://youtu.be/Gmq4WIjQxp0
As Warren Mosler always said they have the gas pedal confused with the brake pedal.
How is “recession in two years” the same as “one day the Earth will stop orbiting the Sun”? 🤔 The first has defined timeframe, is cyclical and correlated to past data. The second has never happened, has no data and can only happen once.
nobody listens to ratings agencies on US treasuries, or much of anything else. You ever spoken to a trader who asked: "what about their AAB rating??" Never
❤👁
I agree it's ridiculous, just change the rules to fit what you want. Must be nice to be the creditor, sucks to be the debtor. If that saying applies to this situation. ✌🏼
I think the 2% number comes from looking at a persons expected life span, their income earning years, and retirement years. The cumulative damage of 2% inflation might be the range they expected to be manageable. When you bump that up to 3% and you increase a persons life expectancy (which has happened over the past 100 years by a large margin), then you will out of necessity have to increase a persons income earning years (later age of retirement) or end up with a much larger portion of seniors living in poverty.