The giant sucking sound of US private sector credit contraction
My quote comes not from the article (which certainly is very quotable), but rather from the comments. Here's what commenter John Ryskamp has to say.
I trust no one is stupid enough to believe that the "stimulus" and "bailout" nonsense is evidence of government "engaging" with the society. It is simply corporatist looting--backing up the powerful in the society in any way they can be backed up.
The society? It will continue to sink. It is sick--no government wants to be a part of that.
FOMC Minutes: Concern about tariffs, "take time" on any additional Rate Cuts
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From the Fed: Minutes of the Federal Open Market Committee, January 28–29,
2025. Excerpt:
With regard to the outlook for inflation, participants expected t...
1 hour ago
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