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1 week ago
Wednesday, July 06, 2022
Recession at Internet Speed
Recession at Internet Speed: The Fed’s rapid tightening is making everyone price in recession. That’s bad for reversing the fragilities in our economy.
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Simply put, conventional economics is bunk. The Fed believes it can cure the supply chain problems (COVID, jammed ports, Ukraine) by raising interest rates. Current inflations stems from cost push, not demand pull.
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