It feels like 1973 all over again, but this time the Fed is out of ammunition... The Fed alludes to holding course after capital markets lost approximately $58 trillion last year when it merely began to tighten. I get why. As we saw during the Great Inflation of the 1970's, every time the Fed would ease, inflation shot back up. This reactionary dance continued until Paul Volcker shut it down with an over 20% federal funds rate in 1981.
Who is the current number one (#1) world-renowned economist -- if one [a person] actually should exist? {Could it be . . . AI-generated}. {Economy Schools of Thought: Stanford, Landon, Paris, New York, Chicago, Bonn . . . ?
Who won the Nobel this year?
Who is most likely to win next year -- and why?
[N.B. Due to inflation, all Nobel prizes have increased in monetary value. Remember: The amount is still Kroner -- or has that finally changed to Euros?
Inflation vs. Deflation: Navigating the Current Economic Uncertainty
Who is the current number one (#1) world-renowned economist -- if one [a person] actually should exist? {Could it be . . . AI-generated}. {Economy Schools of Thought: Stanford, Landon, Paris, New York, Chicago, Bonn . . . ?
Who won the Nobel this year?
Who is most likely to win next year -- and why?
[N.B. Due to inflation, all Nobel prizes have increased in monetary value. Remember: The amount is still Kroner -- or has that finally changed to Euros?