Politicians Regret Their Creation of the Federal Reserve
https://www.youtube.com/watch?v=_51SFKH2dxY&app=desktop
The post Politicians Regret Their Creation of the Federal Reserve appeared first on PaulCraigRoberts.org.
The start of another week is upon us, which means it is time for another excerpt from the latest letter to clients by One River Asset Management CIO Eric Peters, who today writes about last week's Fed decision, the upcoming balance sheet unwind, the lack of inflation, and "disruptive" companies which may themselves soon be disrupted.
We will have more from today's letter shortly, but for now here is Peters on a topic still fresh on everyone's minds: the Fed's latest rate hike decision, and what it really means:
Today the Federal Reserve Is the Bank of the United States, and There Is No President Andrew Jackson
Authored by Bonner & Partners' Bill Bonner, annotated by Acting-Man's Pater Tenebrarum,
Don’t Be Fooled by These Calm Markets
What is happening in the world of money? Well – the most striking thing is: nothing.
It doesn’t seem to matter what happens. Dysfunction in Washington. Meltdown of the techs. No matter how rough the seas get, the markets glide along… scarcely noticing the storm-tossed waves below.
Authored by David Stockman via The Ron Paul Institute for Peace & Prosperity,
The horrific shooting spree on the practice field of the GOP's congressional baseball team was hardly the end of this week's madness on the Potomac.