Tag Archives: Federal Reserve

Will Prez Trump’s Next Fed Chair Flush U.S. Wealth Now or Later?

Federal Reserve Chair Janet Yellen’s term ends next February; President Trump’s choice of the next Fed boss is probably the most crucial appointment that he is likely to face. Prez Trump and Congress are increasing  Military spending while the new … Continue reading

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Why Are Stocks And Real Estate Rising In A Tepid Economy?

Economic value is a political illusion often enough and particularly now. How for instance, is it that when the median household income declines, the percentages of workers with jobs declines, the middle class shrinks, the more rewarding jobs are exported … Continue reading

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A Potemkin Economy, Constructed By Corrupt Politicians? Or Is That Too Hard On Those Promising Our Welfare?

Total U.S. debt averages $828,000 per family. The percentage of working Americans has fallen back to late 1070’s levels (When there were still some housewives). The average student borrower owed $35,000 after graduation with a bachelor’s degree. The average U.S. … Continue reading

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GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

Detritus of the week just ending: The culture (Sweden): A man live streamed a gang rape on Facebook.((Amateur filmmakers proliferating …) More culture: Gunfire ended a protest against a right wing speaker at the University of Washington. (We thought that … Continue reading

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Helicopter Money, Negative Interest and Our Wiley E. Coyote Moment

Helicopter money is the coming economic salvation. Quantitative Easing didn’t set the economy afire and we are left with negative interest rates and helicopter money. Of course, the helicopter has been tested and failed, never mind. Our rulers will do anything before … Continue reading

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Toto, Are Americans Still in Kansas?

We heard from the ‘news media’ a few days ago that the Russians were pulling out of Syria. More recently, we have heard of Russian air support forwarding the gains now being reaped by the Assad forces there. And simultaneously, … Continue reading

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A Life Story:A 1937 Chevrolet and $750

We once knew a man who bought a brand new 1937 Chevrolet coupe from his local dealer for $750. That was the going price then. If he had wanted to spend say, $7,500 he could have acquired ten of them. … Continue reading

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