We Are On An Unsustainable Fiscal Path – Jerome Powell

  The article “The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference” originally appeared on Wolf Street (here) I have to say, Fed Chairman Jerome Powell is a breath of fresh air when he talks, after the near-physical...
Why unemployment will rise, recession or not?

Why unemployment will rise, recession or not?

The hottest employment market in a generation is cooling. With the crypto bubble bursting, IT businesses cutting down on hiring, and consumers spending less, experts expect the record low jobless rate will rise, recession or not. Last week, the Fed raised interest...
The Danger of Fed Policy Reversals

The Danger of Fed Policy Reversals

The opinions of market participants on the economic prospects of the United States are shifting at the same time as the Federal Reserve has been scurrying once again to catch up to happenings on the ground. This runs the danger of causing yet another wave of...
ALL Inflation is Transitory

ALL Inflation is Transitory

The Federal Reserve has recently started to use the word “transitory” when describing inflation pressures in the U.S. economy. What they’re trying to indicate is that we shouldn’t worry, the pressures we are seeing right now will eventually pass. But that’s...