Structural Damage That Has Been Done To The U.S. Economy
Structural Damage That Has Been Done To The U.S. Economy
None existent economic recovery:
Velocity of Money at historic lows
Labor force participation rate at historic lows
Durable Goods Orders plunged to record low
Janet Yellen is not talking to you. But she IS talking about you.
Central banks exist to protect banks, and the banking system as a whole, from danger. They pretend that they protect the larger economy, and the people on Main Street, but that’s just a convenient little story. Enhanced by the idea that what is good for banks is also good for you. Which is absolute baloney
Central bankers, a group of largely independent technocrats, wield more power over the fates of politicians, investors and regular folk than ever before… Hence, when they gather for their annual meeting in Jackson Hole, Wyoming — as they will starting Friday — it’s worth paying attention.
. “Congress and the president are again at loggerheads on how to move forward as the government’s money runs out at the end of the fiscal year this month and federal agencies are once again warning employees and preparing contingency…