Our Problem in a Nutshell: Why Is the Fed Still Buying $40 Billion a Month of Mortgages?
What would happen if they stopped?
What would happen if they stopped?
There is no escape.
“The conditions for a boom-bust”
No Republican candidate has received more than 25% of the vote since then
Louis Daguerre – 1824
Getting back to normal is going to look an awful lot like a recession
If this is what a recession looks like, we’d better start worrying about the recovery.
90% of deficit spending this year has been financed by either the Fed or the Treasury spending down their account
Good for gold?
People in the ‘transitory’ inflation camp better be prepared for ‘transitory’ inflation to last an uncomfortably long time