Having flunked the very first month of its balance sheet unwind that was articulated in its 04 May ‘cunning plan’, the US Federal Reserve will find that the alternatives will prove no more palatable than those following the inept tenure of that chair up to 1978, Arthur Burns. Sure, the immediate response to Jerome Powell […]
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War by other means? Forget the South China sea, Syria or Korea. If you haven’t noticed, the EU and China are locked in a high stakes game of chicken with the US over control of the World’s reserve currency, where the weapon of choice are interest rates. While much has been made of Trump’s attempts […]
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