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Tag Archives: inflation

Some Non-Covid Links

Boston Globe columnist Jeff Jacoby eloquently explains why the incessant fretting over America’s trade deficit is utterly unjustified. Two slices: Imagine an American household with a Japanese car in the garage, whisky from Scotland in the liquor cabinet, Costa Rican coffee in the pantry, wineglasses from Austria in the kitchen, a laptop from Taiwan on the desk, and a deck built from Canadian lumber in the backyard. The family in that house has a lifestyle that plainly relies on imports....

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Dollar Dominace Remains…

A Pfennig For Your Thoughts May 9, 2022 * Powell still believes he can deliver a soft landing…  * Gold & Silver remain on the selling blocks…  Good Day… And a Marvelous Monday to you! I hope all the wonderful mothers out there had a marvelous day yesterday… I tried to get out Happy Mother’s Day texts to most of the moms that I could think of… My brain was still a little fuzzy, from a few days of being very sick… The stomach bug that I said that our little Evie had passed onto to...

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Michael Every: A Global “Meta-Crisis” Is Unfolding, Expect Seismic Disruptions In…Everything

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion’s endorsed financial advisors at https://www.wealthion.com 2022 has already seen more surprises, uncertainty and instability than most thought possible when the year started. But what if the changes underway now are vastly more significant than we realize? Michael Every, Global Strategist at Rabobank, thinks that may indeed be the case. From his perspective, the geopolitical world order is in the process of...

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Buckle Up for a Crashing Economy and More Inflation

Jerome Powell began hinting that inflation might be a problem last August. In November, Powell retired the word “transitory.” But here we are in May and the Federal Reserve still hasn’t done anything substantive to address the inflation problem.And now it may be too late. It’s probably time to buckle up for more inflation – and perhaps a crashing economy.Powell and Company have been talking tough for months, but there hasn’t been a whole lot of action. In March, the central bank raised...

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Some Non-Covid Links

GMU Econ alum Nathan Goodman, writing at EconLog, reviews electoral-politics’s ABCs. A slice: B is for Bundling Even when voters do know about a political action they find unacceptable or upsetting, their ability to offer feedback by voting is still limited. One reason for this is that in most elections issues are bundled. When you vote for a presidential, congressional, gubernatorial, or mayoral candidate, you are not voting in a referendum on any specific policy issue. Instead, you are...

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“The Economy Is Strong!” and Other Myths and Rumors: SchiffGold Friday Gold Wrap April 29

Jerome Powell and other policymakers at the Fed keep telling us they can raise interest rates and slay the inflation dragon because the economy is strong. But these central bankers have a long history of being wrong. And as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the recent GDP numbers undercut this latest Fed narrative. He also talks about a startling confession from the IMF director and Q1 gold demand.The SchiffGold Friday Gold Wrap podcast combines...

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Some Non-Covid Links

George Will proposes an excellent amendment to the U.S. Constitution, an amendment which would read: “No senator or former senator shall be eligible to be president.” A slice: Presidents who have never run anything larger than a Senate office. Who have confused striking poses — in the Capitol, on Twitter — with governing. Who have delegated legislative powers to the executive — for example, who have passed sentiment-affirmations masquerading as laws: Hurray for education and the...

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Peter Schiff: The Fed’s Ego Is the Only Thing Bigger Than This Bubble

The Fed insists it can tighten monetary policy and tackle inflation without hurting the economy. Federal Reserve Chairman Jerome Powell and other central bankers claim the economy is strong enough to handle higher interest rates. Peter Schiff said this is just another in a long line of arrogant miscalculations by the Fed. As the central bank begins to raise rates and gets set to shrink its balance sheet, some analysts worry that the Fed will make a mistake and tighten too much. But Peter...

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Ron Paul: Don’t Blame Putin or Greedy Corporations for Inflation; Blame Jerome Powell

Everybody and their brother is an expert on inflation now. And everybody thinks they can pinpoint the reason for rising prices. It’s Putin! Or maybe it’s greedy corporations. Or was it COVID?As Ron Paul explains, it was none of the above.The blame for this inflationary fire falls squarely on the shoulders of Federal Reserve Chairman Jerome Powell.The Biden administration and its allies continue to use Russian President Vladimir Putin as a convenient excuse for their economic failures. The...

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Some Non-Covid Links

Kyle Smith looks forward to the changes that Elon Musk will likely bring to Twitter. Here’s his conclusion: Musk understands that we need more, not less, engagement with disagreeable ideas. Remember when everyone agreed sunlight is the best disinfectant? Adherents of the world’s worst idea (communism) are allowed on Twitter. A great start! So should those who vouch for every other idiotic ideology. Twitter should be like a soapbox: it’s there for anyone to stand on and shout from. If you...

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