While unaccountably insisting at yesterday's presser that there are no financial bubbles in sight, Janet Yellen did espy a continuing deficiency of inflation. The Keynesian school marm in charge of euthanizing honest capital markets noted inflation was running at 1.7% over prior year. Since that's below the committee's 2.00% target, the implication was that the FOMC still had considerable work to do at its printing presses.
26 Years On The Easy Button----How The Fed Destroys Jobs And Real Wages
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.