Bad as QE Was, Unwinding It Rapidly Could Be Worse
Getting out of super low interest rates and unwinding QE is proving to be easier said than done.
Read more...Category Archives: Federal Reserve
The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...Construction Costs Spike 17.5%, Worst Since at Least 1965. Inventories of New Houses Pile Up, Highest Since 2008. Median Price Dives as Mix Shifts
A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Read more...Michael Hudson: What is Causing So Much Inflation?
Economist Michael Hudson explains the inflation crisis and Fed’s secretive $4.5 trillion bank bailout.
Read more...The Fed Sets Out to Kill the Economy to Save It
The Fed is trying to solve an economic problem that is largely outside its reach.
Read more...My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update
The wealth gap rises: Billionaires got more billions, the bottom half of Americans got peanuts and inflation.
Read more...Understanding Inflation Risks in the US and the Euro Area
Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.
Read more...Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly
Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.
Read more...An Increase in Interest Rates Would Be An Act of Class Warfare
While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.
Read more...Employers Still in Denial About the New Normal of Fed-Up Low Wage Workers
Who’d have thunk it? Beating the workers not only does not improve morale, it is leading them not to turn up at all.
Read more...General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization
How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.
Read more...Latest Fed Financial Stability Report Underplays Supply Chain Risk
The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.
Read more...Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...The Most Monstrously Overstimulated Economy & Markets Ever
The Fed will trim back its stimulus, but it’s already pumped up markets and the unwind will be too little and too slow.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
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