What do you do you do when you are the man that espoused easy money through Quantitative Easing, took it to new levels and the bloated world you created implodes? You write a book about it of course. That’s exactly what former Federal Reserve Chairman Ben Bernanke has done and of course he warns in his new book that the United States could face simultaneous sky-high unemployment and inflation on levels not seen since the 1970s. Any mention of his … Continue reading “The Biggest Pusher of Easy Money, Former Federal Reserve Chairman Bernanke Warns on Stagflation in New Book”
US Job Cuts Fall To Lowest Since May 1993
US companies Job cuts fell 34.8 percent from a month earlier in November 2021 and 77 percent from a year earlier to 14,875. This was the lowest since May 1993. Companies are battling to keep workers amid a tight labor market. The technology sector had the most job cuts with 1980. While not a surprise, the severity underscores the impact that has caught Fed officials off guard Job Cuts Highlights Companies in the technology sector announced the most job cuts … Continue reading “US Job Cuts Fall To Lowest Since May 1993”
Stagflation Clouds British Economy Wracked by Lockdowns and Supply Constraints
The latest Flash PMI data for September from IHS Markit shows the fourth successive monthly slowing of business activity. At the same time goods and services inflation is rising at the fastest rate in at least 22 years. The Bank of England is rightly concerned on scaling back its pandemic stimulus. Stagflation from growth trending sharply lower while prices continue to surge higher is here, will it last? Supply constraints limit business activity the damage is clear from virus related … Continue reading “Stagflation Clouds British Economy Wracked by Lockdowns and Supply Constraints”