Category Archives: Federal Reserve

“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”

Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.

Michael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order

Michael Hudson covers a wide range of topics, including the decline of Europe, the Fed’s mismanagement, the rise of new economic blocs

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

Collateral Damage From Higher Interest Rates

Why to be wary of Larry Summers selling another Volcker-type “kill the economy to save it” interest rate jihad.

Stop Worshiping Central Banks

Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.

The Sveriges Riksbank Counterfeit Nobel Award Goes to Bernanke et al. for the Wrong Model

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

Is the UK About to Hit the Wall?

The UK is in sorry shape…..and is looking like the canary in the economic coal mine.

Bank of England Bought Only Small Amounts of Bonds Even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support

The Bank of England has been doing less than believed to rescue the gilts market. But stil not a good look.

Central Bank Myths Drag Down World Economy

Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.

Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader

Michael Hudson has a wide-ranging talk with Ralph Nader.

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.