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How We Got Here: The Fed Warned Itself in 1979 And Then Spent the Next Four Decades Studiously and Intentionally Avoiding the Topic

By Jeffrey P. Snider|2015-10-29T13:42:26-04:00October 29th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Written Tuesday Oct 27 It bears repeating and re-emphasizing, but had the guts of the actual global financial system been fully appreciated in a timely manner the current state of the global “dollar” would be cause for celebration. It would matter not that the eurodollar is in full and often violent retreat because that is the exact method by which [...]

Modern Math and ‘Money’

Recently there has been a slight increase in interest over the money supply figures, particularly M1; nothing too major but some perceptible chatter. Going back in the weekly data, you find that the growth rate suddenly jumps in early February. For anyone searching for inflation, which includes practically the whole of the orthodoxy, this might seem like a sign of [...]

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