"We had historically said: distributional outcomes, monetary policy has no role to play. That was kind of the standard view at the Fed, and I came in assuming that. I now think that’s wrong."
"We will continue our tradition of not investigating Mike (and his family and foundation) and we will extend the same policy to his rivals in the Democratic primaries."
Over the course of 2019 we have been tracking three states – Michigan, Ohio and Indiana – because we believe the next US recession will start in the American upper-Midwest. Pennsylvania is also clearly moving in the wrong direction.
...obviously now, the poles have reversed and the deleveraging, relatively low consuming, fixed income elderly are the majority of annual population growth...
The highest earners saw confidence surge in November, but low income Americans declined...amid the impeachment debacle, Democrats confidence rose and Republicans fell...
"Although up on lows seen in the summer, business expectations for the future are still well below levels seen earlier in the year, reflecting heightened anxiety regarding trade wars and geopolitical uncertainty..."
You can’t simply go into business to provide value to customers, employees, and shareholders anymore... Now there has to be some woke purpose that involves diversity, the environment, and whatever else...
Suppose they made the minimum wage $1,000 an hour. Just think: Every worker in America would be taking home at least $8,000 a day. That would be an annual salary of over $2 million... Wonderful, right?
Interest rates MUST remain low, and debt MUST grow faster than the economy, just to keep the economy from stalling out... This is the very essence of a "liquidity trap"...
