Feeding Piketty’s Capital Monster
…is seeing something in what I say. Some say that raising the Fed rate would kill the economy and cause a recession. Well, Volcker raised the Fed rate to kill…
…is seeing something in what I say. Some say that raising the Fed rate would kill the economy and cause a recession. Well, Volcker raised the Fed rate to kill…
…80s is one of the bold Volcker regime shift which caused a dramatic change in inflation by causing a dramatic change in expected future inflation. Here there are implications for…
…10%, higher even than the peak in 2009 during the Great Recesson. After the deal was cut between Volcker and Baker for no more tax cuts in return Volcker would…
…which got so much attention were small. Kids these days just don’t know what effective monetary policy looks like. Volcker played with GDP like a yo yo. He didn’t do…
…Volcker renewed a rate hike campaign, going from 9% to 19%, even as inflation continued to cool to 9.7%. The deep 1981-82 recession, that saw unemployment rise to over 10%…
…1979 – Iranian Revolution brings about another doubling in the price of oil 1981 – Paul Volcker raises interest rates from 9% to 19% to deal with the inflationary fallout…
…think this rule was established by Congress (as interpreted by the FDA). It is absolutely not the rule in general. It is not the rule governing off label prescription. It…
…the US will have experiences negative GDP growth for the first two quarters of 2022. Based on a “rule of thumb” introduced in a New York Times column in 1974…
…For instance, we’ve got three six-year, single-president slices. RDR is a single span from ’81-’86, when Volcker and Reagan, with a mixed Congress, were trying to pull us out of…
…stress tests. This was done under the guise of being called, (cough-cough, clearing my throat) community banks or The Community (Bank) Hustle as the Intercept would label it. You would…