Inflapression (Inflationary Depression)

March 27th 2023 Christian Laggard raised interest rates by 50 bps last week, and Mr. Powell decided to raise the Fed Funds Rate by 25bps today and to keep the Quantitative Tightening Program at its current pace. It is hysterically funny that the Fed and ECB both...

Soft Landing, to No Landing, to Crash Landing

February 24th, 2023 The Deep State of Wall Street has changed the narrative from an economy that will probably undergo just a soft landing, to one that will now experience no landing at all. This specious propaganda is derived from the situation where we find CPI...

Four Reasons Why the January Rally Will Falter

February 9, 2023 Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what the deep state of Wall Street needs you to think. However, the US economy is in the eye of the hurricane...

Monetary Lags and the Acute Recession of 2023

January 3, 2023  Fed Chair Jerome Powell remains unimpressed with the reduction of the rate of inflation; down to 7.1% in November, from 9.1% June. The Summary of Economic Projections shows a desire of the Fed to increase their forecast for the Fed Funds Rate to 5% in...