Hyperinflationary depression Archives

Quite unlike in 2008 when the US Fed denied the existence of the housing bubble, Powell has been more realistic this time around

Economy

Powell’s “Subprime is Contained” Moment

Shanmuganathan Nagasundaram - May 31, 2023 0

Bernanke got the subprime crisis wrong? “Subprime is Contained” – Fed Reserve Chair Ben Bernanke, March 2007. Bernanke, the then Chair of the Federal Reserve had...

If we learn from at least our own mistakes, the most sensible way forward would be to bring down the Eccles building and never even contemplate replacing it with another

Economy

Extraordinary popular delusions at the Eccles

Shanmuganathan Nagasundaram - April 21, 2022 0

What emerges from latest FOMC meeting indicates a complete lack of macroeconomic fundamentals Never in the history of the world has the financial well-being of...