It didn’t get the “ink” that a lot of other stories did (including one that never happened) but I maintain that the biggest political story of the week just passed was the Fed raising interest rates again. This one almost certainly will have massive negative repercussions in the future. I read and heard all the justifications for the Fed’s move but I still can’t understand why they did it unless one of two -and neither are good – circumstances exist.
Tag Archives: Jerome Powell
Will We Continue To Pay The Price?
If you keep tempting fate eventually it nips you in the butt. That’s what happened late last week and over the weekend with two bank failures. It’s more complicated than simply just that and don’t expect me to explain it all in under 1000 words but continue reading and you will learn.