As the Fed Fiddles, the Economy Burns
A Powell Failure The Fed tightened its administered Federal Funds Rate (the rate banks pay to borrow reserves) by 75 basis points (bps) (0.75 pct.
Wall Street Narratives Distort Reality
A Deep Recession Is Rapidly Approaching Volatility remains the major feature of financial markets. You are correct if you interpret the word “volatility” to include
Markets See Looming Recession – The Fed Sees “Softish” Landing
Market volatility in spades this week! On Tuesday, markets were all a-twitter (oops, can’t use that word!) over the large and unexpected rise in April’s
When (Why) Bad News IS Good News
When (Why) Bad News IS Good News It was another volatile week in the financial markets. While there were up days, like Friday (May 13),
The Recession No One Will Discuss
As Equity Investors Rush to Exit Employment – Weaker than the Narrative The markets yawned at April’s headline Payroll Survey number (+428K) despite the media’s
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As the Fed Fiddles, the Economy Burns
