Tag Archives: jerome powell

Fed Chair Powell’s Plan to Pickle the Economy

Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow. Continue reading

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Why Fed Chair Powell’s a Laughingstock

Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere.  Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range. Continue reading

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Unsolicited Advice to Fed Chair Powell

Behind closed doors, President Trump and Fed Chair Jay Powell are in freak out mode.  President Trump wants lower interest rates and artificial stimulus to fabricate GDP growth into the 2020 election year.  His prospects for a second term in office depend on it. Fed Chair Powell knows the economy’s toast.  Annualized GDP growth for the first quarter of 2019 was recently estimated at just 1.3 percent.  But he cannot yet admit it.  Specifically, he cannot cut rates just yet without triggering a market panic. Continue reading

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The Zealous Pursuit of State Sponsored Wealth Destruction

The lifecycle of capital follows a wide-ranging succession.  It is imagined, produced, consumed, and destroyed.  How exactly this all takes place involves varying and infinite undulations. One generation may produce wealth.  While the next generation burns through it.  Various facets … Continue reading

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