One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve's one-size-fits-all "solution" to every spot of bother: print another trillion dollars and give it to rapacious f
Synopsis
"Some of the earnings estimates that I'm seeing, as you said, the consensus is just below $170, are going to require multiples that just don't make a lot of sense to me within the context of the fact that rates can't go any lower," said Pet
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar's declining trend is already well established against other currencies and commodities, leading to this outcome.
Jerome Powell puts you in mind of the boy who killed both of his parents and then threw himself on the mercy of the court on the grounds that he was an orphan!
He argues that it has very little to do with funding great business ventures. It's more about making a quick buck in a market juiced by easy money from the Federal Reserve.
Some Federal Reserve officials are calling for tougher banking regulations in order to prevent the Fed's low interest rate policy from leading investors to take "excessive" risks that will create asset bubbles.
Some Federal Reserve officials are calling for tougher banking regulations in order to prevent the Fed's low interest rate policy from leading investors to take "excessive" risks that will create asset bubbles.
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