Category Archives: Federal Reserve

Remember Headlines 2 Weeks Ago, Labor Market “Suddenly” Weakens as Unemployment Claims “Spike”: It Just Got Unwound

A wee unpacking of unemployment data to show how Fed rate cut cheerleaders are still ahead of themselves

Trump Versus Biden: The Substantial Fall in Real Wages for Most Workers Under Biden

An important new paper contradicts Democratic pundits, showing that most workers lost in real wage terms under Biden

Elections and Devaluations

Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.

Oh Deary, Where Did My Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk About “Rate Hikes”

What Fed chair Powell said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely

Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral

The obsession of big-name economists with defending a bad model has consequences, here, a policy aim of whacking wages.

Global South Stagnating Under Heavier Debt Burden

Much higher interest rates – due to Western central banks – damage developing nations via prolonged debt distress and stagnation.

There’s a “New Upside Risk” in Town: “Pent-up Exuberance” – Fed’s Bostic

Some at the Fed worry that the central bank can’t get the inflation genie back in the bottle.

Inflation and Power

Why the Fed’s approach to inflation has the main effect of reducing labor bargaining power, which is seldom the real problem.

North Ignores ‘Perfect Storm’ in Global South

The risk of rolling financial/economic crises across much of the Global South is high and the pressures seem only to be rising.

Global Economy’s Momentous Shift and Monumental Inequality

An in-depth yet lively debunking by Richard Wolff and Michael Hudson of Panglossian depictions of the state of the US economy and society.

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.

Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion

Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.

Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?

Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.

Rich Nations, IMF Deepen World Stagnation

With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.

Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.