Federal Reserve’s plan is to raise rates and QT aggressively, crash the market, then step in and ease when inflation is down to prevent a 1929 type of depression. Don’t fight the FED.

https://twitter.com/MFHoz/status/1552276114554462208 FED'S POWELL: NO ONE CAN BE SURE ON WHETHER WE CAN ACHIEVE A SOFT LANDING — *Walter Bloomberg (@DeItaone) July 27, 2022 Chicago Fed National financial conditions index eased last week, the second week in a row. Not the …

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Reserve Bank plunges New Zealand into consumer-led recession

by Boo_Randy Heckova job, central bankers. https://www.macrobusiness.com.au/2022/07/reserve-bank-new-zealand-consumer-recession/ Independent economist Tony Alexander’s latest monthly Spending Plans Survey for New Zealand shows that a record net 27% of the near 1,000 respondents plan on cutting consumption spending over the next 3 to 6 months …

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Federal Reserve wants lower wages

by Leavingtheecstasy https://multipolarista.com/2022/05/24/us-federal-reserve-wages-inflation/ US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving …

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