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December 7, 2021
The following managements discussion and analysis of financial condition and results of operations provides information that management believes is relevant to an assessment and understanding of our... | December 7, 2021
July 4, 2021
Increase In Core Inflation Wont Be Transitory Bad Timing For decades the Federal Reserve anticipated inflation whenever the Unemployment Rate fell to a low level. In 9 of the last 10 recessions since 1954 the Fed hiked the federal funds rate over a period of time until they went too far. The Unemployment Rate subsequently jumped as the economy entered a recession causing the Fed to slash the federal funds rate. This pattern is consistent especially with benefit of hindsight. The one exception...