Category Archives: Federal Reserve

Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, Already at Lockdown Levels, Drop Further. Active Listings Rise Further

The housing market in the US, not surprisingly, is looking pretty punky.

Gasoline Demand Destruction Accelerates Despite Plunge in Prices: Consumption Drops to August 1997 Level

Gasoline purchases show a softening economy, but the Fed is likely to ignore that memo.

1980s Redux? Developing Countries See New Context, Old Threats

s rich countries raise interest rates, developing countries face slowdowns, inflation, higher interest rates, more costs and debt distress.

The Bank of England Increasing Interest Rates to 4% – As Markets Expect – Could Be Enough To Bring the Whole Economy Down

The Bank of England is in “Burn the village to save it” mode via interest rate increases which do little to address the causes of inflation.

Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.

“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.