12/29/16

ZIRP, Recession and Concentration of Wealth

Federal reserve policy is gone over fairly well in a reasonably brief article here...

http://thefederalist.com/2015/12/15/blame-the-next-economic-crisis-on-the-fed/

https://en.wikipedia.org/wiki/Zero_interest-rate_policy

Since the Obama administration has let the labor participation rate to the lowest levels since the 1970s and sluiced so much cheap or free money to banks, the corporate world has a lot a cash it has no reason to invest to get interest payments and prices of consumer goods seem to increase. Apparently a recession may be in store. Like the Clinton, Bush administrations the Obama administration created a moderately Potemkin sort of economy with a lot of vicious undercurrents and dark pools.


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