Category Archives: Federal Reserve

“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike

Housing sales and prices continuine on their grim slide.

Memo to China: You Look Silly When You Threaten to Dump Treasuries

If China intends to cov the West, it needs to pick things it could do that would incur real damage. Selling Treasuries it not that.

Recession Mongers Shocked & Horrified by This Surge in Employment

Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.

Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives

A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.

The Fed Tackles Kalecki

A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment

Michael Hudson: The Fed’s Austerity Program to Reduce Wages

The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.

Michael Hudson Talks About Almost Everything with Jonathan Brown

Another blockbuster interview with Michael Hudson.

Housing Market Takes Another Body Blow with Sharp Interest Rate Rise

A short update on the housing market.

Can the Fed Kill This Inflation Without Killing Too Many Other Things First?

Why having central banks as the inflation shock troops is not such a hot idea.

Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates

The increase in interest rates is finally denting mortgage and housing activity of all sorts.

What Is Really Causing Our Inflation: “Inflation in a Time of Corona and War”

Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.

Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k

The housing market is starting to unravel at the lower end, with new home purchases taking the biggest hit.

Fighting Inflation Excuse for Class Warfare

Too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check inflation.

When Central Bank Saviours Are the Problem

Countries around the world will suffer from central bank malpractice as the Fed and its peers act as if they can treat supply side inflation

Inflation Freakout and Possible Fed Overshoot

There’s a lot of nattering about inflation and not enough insight.