Central Banks are slowly waking up to the fact that they cannot fix structural economic issues. In fact, evidence from the great monetary experiment of the last decade, indicates that they probably enhance them. The real economic problem is growing income inequality. Real economic growth is dependent on middle class consumption, and absent real wage growth, this consumption becomes ever more dependent on debt financing.
top of page
Related Posts
See AllMerriam-Webster defines the word “histrionic” as overly dramatic or emotional. This is an apt description for both the Federal Reserve...
As we assess the fixed income landscape going into 2022, it looks quite different than that of the last two years. The title of this...
TREASURIES LOG THE WORST QUARTER SINCE 1980 The first quarter was largely a continuation of the recovery from the March 2020 lows for...
bottom of page