consumer credit

What’s On Second, I Don’t Know Left Third

Is it really that simple? The central bank hands out “free” money or “supports” markets with purchases, so that’s all there is to it. Once Jay Powell or Christine Lagarde moves in with the big bazookas, who’s not going to climb on board the money train as it rockets out of the inflation station?If only Weimar was that easy. Easy [...]

We All Know Who’s On First, But What’s On Second?

By Jeffrey P. Snider|2020-05-06T16:37:30-04:00May 6th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It wasn’t entirely unexpected, though when it was announced it was still quite a lot to take in. On September 1, 2005, the Bureau of Economic Analysis (BEA) reported that the nation’s personal savings rate had turned negative during the month of July. The press release announcing the number, in trying to explain the result was reduced instead to a [...]

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