ECONOMICS

"Honestly, I do not think this economy can withstand the ravages of what it has experienced since 2021."

'Four more years' is not the message being heard from the regional Fed surveys this week as the Philly, Dallas, and Richmond business surveys all slumped deeper into contraction…

Source: Bloomberg

Actual CapEx is weak, New Orders are plunging, and the number of employees is tumbling…

Source: Bloomberg

Overall, respondents’ (more…)

Via SchiffSovereign.com,

It almost sounded like an apology. Almost…

On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here… and how inflation took hold.

To be fair, he rightly diagnosed the root causes: extreme government spending and money printing during the pandemic. And then, when the economy reopened after the lockdowns, there was a sudden surge in inflation.

The Fed and its army of experts assumed this (more…)

Authored by Frank Shostak via The Mises Institute,

According to some commentators, to counter inflation interest rates in the US must increase to a level that effectively restrains the economy. It is held that this increase in interest rates does not have to cause a recession if Fed’s policy makers could orchestrate a “soft landing.” The economy is portrayed as a spaceship that occasionally deviates from a path of “stable” economic growth and “stable” prices. All that is (more…)