The tricky task Jerome Powell has: taming inflation in the midst of a record deficit. Good morning I’m Austerity Jones and I am here with C Thomas Printer. C Thomas, what do you have for us today? C Thomas: Good morning Austerity. One of my favorite stories is the following. Warren Buffet asks a group of …
interest rates
Happy Hump Day! Welcome back to Looking Backwards, Looking Forwards. I’m C Thomas Printer and I’m here with Austerity Jones. Austerity: Happy Wednesday, C Thomas. Today, let’s start with last week’s interest rate hikes. On Wednesday, the Fed raised interest rates by 75 basis points, which brought borrowing costs to the highest since 2008. And on …
• The election result in Brazil Brazil election: Lula makes stunning comeback – BBC News • Biden’s tax move on oil companies Joe Biden threatens higher taxes on oil companies amid high gas prices (cnbc.com) • China’s lower than expected factory activity China’s factory, services activity skids on relentless COVID curbs | Reuters • Labor …
Should we buy bonds now? C Thomas answers. Good morning, I’m Austerity Jones. Get a cup of coffee or take a nap because C Thomas is about to bore the shit out of you… C Thomas: Good morning Austerity. I’d like to ask you a question, if you had to choose one of the following, …
C Thomas believes that it was the Corporate America who benefited from the low interest rate environment. The losers in that case were mom and pop businesses, our neighbours, small towns, and cities. Therefore, our word of the week is urban blight. Good morning, I’m Austerity Jones and I am back with C Thomas who …
Austerity discusses inflation and we get a poem from C Thomas Eeny meeny miney mo Catch inflation by the toe For when it goes up My dollars go down It makes my smile Turn upside down Less dollars now Reside In my pants Its going global From Greece to France This happened before In the …