Doesn't look good...
Doesn't look good...
Depression instead of just deflation. I wonder how much flight into yuan as a medium of exchange to bypass the reserve buck is playing into this.
We live in interesting times.
anyone of janet yellen’s generation, who is a member of a minority group, (in her case, jewish), was taught that white Christian men are the cause of the worlds problems, and the oppressors.
is there any mystery as to whether she has a Marxist agenda or not?
Photo of Janet Yellen
http://confoundedinterest.files.wordpress.com/2013/09/ob-yn272_yellen_g_20130813101819.jpg?w=604
are you sure about that? Why are food/energy and lots of prices going up with low money circulation
We don't have any...
I hope everyone understands why their savings account gets .001 percent interest right now.
SPEND, SPEND, SPEND so Obama can bone you every time.
The author states that unemployment U6 rate is dropping....but I posted this in comments....
“Instead of UE at any level....isn’t a more accurate indicator of workforce health the labor participation rate? Which, despite all the growth in PT, government FTE’s, and peak women in the work force....participation is at the lowest rate since 1979.
http://www.businessinsider.com/march-labor-force-participation-rate-2013-4
Also, unlike the Argies in the 80’s/90’s and the Zimbabweans....and of course that old bugabear Wiemar Germany......until the dollar loses its world reserve status the Fed in effect is printing gold...even though they are debasing the currency at the rate of $85b a month.
There is little noticeable inflation so far for the same reason, and as most imports are in some way or another pegged to the dollar (China/Japan) goods seem as cheap or cheaper than ever. US manufacturers are impeded from raising prices as a result.
Policy seems to be to cheapen the dollar and sell more overseas to bail out their tails.... looks too late to me. It cannot end well. Long slow death from kidney failure instead of a heart attack.
But what the heck do I know. I didn’t go to banker school or Harvard.”
Other thoughts?
