My views on the economic outlook of the United States and what the future has in store for us all.
Recession Imminent Due to Liquidity Problem?

UPDATE: Since this original post, the Fed has now pumped more than $1T into the banking Repo markets and there is no end in sight. Fed Chairman Powell today indicated the US was not heading into a recession and said the economy is doing quite well. Consumer spending is up, housing starts are good. But in the same breath indicated the Fed was again cutting its lending rate by a quarter of a percentage point. Seems rather contradictory considering the Fed cuts its rate when it needs to spur the…
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