By David Stockman |
When you boil it down to the bare essence, the reality is that Wall Street traders and speculators are now—and have been for quite some time— running the Federal Reserve. And, apparently, the stock market averages are the new policy transmission channel through which the monetary politburo FOMC seeks to manage the main street economy.
The No Inflation Scam: BLS Says New Car Prices Up 0.0% In 20 Years, Actual Dealer Lot Prices Up 20% In 10 Years
BLS Price Index For New Vehicles—–0% Rise In 20 Years Actual USA Transaction Prices: Up 20% In 10 YearsView Chart →
Crown Prince Mohammed bin Salman, center, met with a group of venture capitalists in San Francisco in June 2016. Photo: Bader Al Asaker The kingdom is now the largest single investor for U.S. startups, an unsettling fact for Silicon ValleyView Chart →
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Mind The Red Ponzi: Industrial Production Growth Is Flatlining, Consumer Spending Gains Are Faltering
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