Fed Chair Jerome Powell said he expects inflation to be “transitory,” a word reminiscent of America’s situation three years ago when the Fed repeatedly urged the public to underplay inflation as it would improve. Conditions did not improve, as we later learned, and the Fed will have a hard time convincing the markets that this […]
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Jerome Powell kept rates unchanged as our computer was projecting. However, he did weigh in on the state of the US economy, pointing out that Donald Trump’s policies were one reason why inflation is turning back up. He also reduced the Fed’s 2025 growth projection, noting that uncertainty around the slowing economy is increasing. The […]
COMMENT: Marty, it looks like Trump is aware of the ECM. The markets crashed right on cue with Socrates, and he refused to rule out a recession. What is most curious is that you had a Panic Cycle for this week of the 10th. I heard you prevent Google from searching your private blog. If […]
QUESTION: The criticism of your Economic Confidence Model has been that it oversimplifies complex economies, ignoring variables like policy changes or technological shifts. Would you address that? DL ANSWER: This emanates from the economic academic community that is Marxist based that rests on the assumption that they can steer the economy through economic disturbances. I […]
The insanity over the U.S. inflation data illustrates just how braindead analysis has become. The price of eggs grabbed a lot of headlines – up 15%. But supply shortages are to blame for that surge – avian flu kills chickens. Raising interest rates will not stop the bird flu. The Fed cannot do anything about […]
COMMENT: You support Trump. He had no power to create some new DOGE entity. This is undermining the government. You claim to know the law. Tell the truth. This is authoritarian and illegal. FS REPLY: Sorry. You are just a Trump hater, so you do not look at the facts. Do you still wear a […]
Another aspect of Trump’s tariffs that he and his advisers fail to understand is clearly related to his concepts of how the world economy functions, which were seriously forged in the Middle Ages. I do not say this out of being a Trump hater. My job is to be unbiased and call the shots as […]
Medical insurance and pharmaceutical companies are predatory. The number one cause of bankruptcy in the United States is health care. This is a growing concern as our population ages. Unfortunately, we have all lost someone to cancer. A troubling but important statistic from the American Journal of Medicine explains that 42% of cancer patients will […]
Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of […]
