Is The Fed Ready For A Recession?

Is The Fed Ready For A Recession?

On February 11, 2020, Federal Reserve chairman Jerome Powell delivered a semiannual report discussing the economy and laying out the good, the bad, and the precautions that the Fed must take in the event of a future economic downturn. Although Powell spoke on a lot of...
Where Did Your Money Go?

Where Did Your Money Go?

It all seems so systematic, arranged, and orderly.  Almost a direct proof of deism.  Sixty seconds make a minute, 60 minutes make an hour, 24 hours make a day, and one day equals one complete rotation of the planet earth. Roughly every 30 days the moon...
The Economic Cataclysm Ahead

The Economic Cataclysm Ahead

To understand the economic cataclysm ahead, do the math.  Those expecting the Covid-19 pandemic to leave the U.S. economy untouched are implicitly making these preposterously unlikely claims: 1. China will resume full pre-pandemic production and shipping within the...
Powell Painted Into A Corner, Again

Powell Painted Into A Corner, Again

Back in 2019, we often wrote of how Fed Chairman Powell was being painted into a policy corner by the bond market. We knew this would force fed fund rate cuts, and it did. And now here we are again in 2020. If anything, this isn’t complicated. As last year began, the...