Why Powell Fears A Gold Standard

Powell claims gold-backed money would prevent the Fed from pursuing full employment - as if all workers have monetary planners to thank for their jobs - and stable prices... by which he means a dollar that steadily loses purchasing power.

  • Jul 21, 2019 5:30 PM

Fed Flip-Flops & The Battle For Control

...markets would not be anywhere near new highs were it not for a Fed flip-flopping and racing from dovish media event to dovish media event... they are playing a dangerous game here.

  • Jul 21, 2019 11:25 AM

Why The Fed Could Cut By 50bps & Why It Won't Matter

"Lower rates don’t encourage borrowing unless potential borrowers think it’s a limited-time opportunity. Which they don’t anymore, and shouldn’t, since the Fed shows no sign of ever going back to what was once normal.”

  • Jul 21, 2019 10:30 AM