So, the Fed has opted to abandon the real US economy for the Tinkerbell and pixie-dust delusions of the Wall Street markets by raising official interest rates overnight. The move was not justified, being merely a face-saver after so many months of 'will we, won't we' dithering. This post inspired by: Federal Reserve announces first... Continue Reading →
“Economic Winter Is Finally Upon Us” – JHK
I just couldn't go past this timely article by the erudite Jim Kunstler: Fedpocalypse Now. Excellent stuff. "Welcome to the successor to the global economy: the yard sale economy, with all the previously-bought stuff going back into circulation on its way to the dump," says JHK. I'm not sure he hasn't stepped over the fence... Continue Reading →
It’s A Mystery
So, it's a mystery. Well, not really. The more jobs, the more money is in the economy and the more inflation there should be. It hasn't happened. What's wrong? This post inspired by: The Mystery of Missing Inflation Weighs on Fed Rate Move Photo: Scott Eisen/Bloomberg News It can only be the jobs figures,... Continue Reading →
Not Something Else 