The Fed Has Sufficient Tools—to Wreck the Economy

The Fed Has Sufficient Tools—to Wreck the Economy

Mar 18, 2020 | Fed

In its emergency announcement on Sunday evening, the Fed assured us that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.” The Fed put its...
Another Massive Deficit With More Spending Coming Down the Pike

Another Massive Deficit With More Spending Coming Down the Pike

Mar 13, 2020 | Economy

The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with...
Gold Signaling A Financial System Disaster Will Hit

Gold Signaling A Financial System Disaster Will Hit

Feb 23, 2020 | Finance, Gold

And it’s not just gold. The Fed is already hinting that more money printing is coming.  Powell suggested at his semi-annual Congressional testimony that QE would be used in the next recession.  A couple other Fed officials this week confirmed that the FOMC...