Tag: Federal Reserve
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No good options for controlling inflation
Americans are pissed about inflation and who can blame them? It’s good news for Republicans, in a way, because voters tend to vent their economic anxieties at the polls. So no one will be surprised if they retake Congress in November, especially after all their recent gerrymandering and voter suppression efforts. To control inflation though […]
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The causes of inflation are probably not what you think they are
Sick of 7.5% inflation? Most of us are. Who likes paying higher grocery and gasoline prices? Who likes to see their rents go up twenty percent or more? Well, some like it, but they tend to be corporations. One of the major causes of inflation is due to less competition in the marketplace. Before the […]
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The Fed can’t save the rest of us
It’s tempting to say there are four branches of government. In addition to the Executive, Legislative and Judicial branches, there is effectively a fourth branch of government: the Federal Reserve. Often called the Federal Reserve Bank, it’s not a bank at all. You can’t deposit money into it, withdraw money from it or take out […]
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Is inflation really a problem?
Prices are up, in some cases by a lot. These include food, gas, rent, rental cars, and airline tickets, to name a few. Why is this? Is it going to be a lasting thing? What does it all mean? I ask the latter question because most Americans have never had to deal with significant inflation. […]
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The stock market is in a sugar high so expect another sell off
Retirement leaves me with a lot of surplus time, time I manage to fill reasonably well with consulting and other activities. But there is still plenty of time for leisure. Instead of watching Netflix, I tend to watch YouTube. Since the pandemic, recession and the election are in, I watch a lot of videos with […]
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The dangers of free stock trading
I noted recently the crazy things being done to inflate the stock market. It’s good in a way that the Fed and Congress are trying to keep Americans from feeling the oppressive weight of our economic collapse. We may have gotten a $1200 one-time payment and perhaps some extra unemployment compensation. But the biggest beneficiaries […]
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The Fed is doing some very alarming stuff
Should you care about the Federal Reserve? Sometimes called the Federal Reserve Bank (it’s not a real bank), but generally just “The Fed”, the Fed basically controls our money supply. It does this with virtually no oversight by those who ultimately hold the bag when it makes mistakes: us taxpayers. I am most alarmed by […]
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It’s time for a jubilee
Seems like our world is going to hell in a corona basket. I remember at the end of 2019 all my friends were saying they were never so glad to see a year end. 2019 was a miserable year. Now, most of us would prefer to be back to 2019. A recession that looks like […]
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The wizards of Wall Street are no wizards
During our recent cruise, we at least got grainy MSNBC satellite TV. When I watched it, I watched the stock market yo-yo back and forth pretty much every day: the DJIA down a thousand one day, and it would often recover it the next day. The general trend though was down, a lot. In a […]
Occam's Razor 