Economists love to smack the inflation badminton around, constantly trying to figure out if the trend is inflationary or deflationary. In our estimation, this is an easy one. Inflation has been a sometimes slow and sometimes fast force in the American market since...
What the Federal Reserve is doing to banks will end badly. It always does. We’re talking about creating “money” from thin air or, in other words, the Fed is now paying banks in reserve balances, which aren’t really balances at all, but rather numbers...
