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The experience of the Reagan era shows that things can get better, and that economic and political fortunes can change faster than it might seem in a gloomy December.
Understanding the history of how the economy went from bust to boom in the early 1980s offers a surprising model for optimism about how the American economy could progress in the next couple of years.
Pandemics and financial crises aside, exchange rates typically can be seen as an extension of monetary policy. They reflect whether central bankers wa
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
by Tyler Durden Wednesday, May 12, 2021 - 09:27 AM While we, like everyone else, were shocked by the strongest core CPI print since 1981 when as a reminder, the Volcker Fed was engaged in a nightmarish fight with "non-transitory" inflation, pushing the Fed Funds rate as high as 20%, we were quick to note that the Fed is focused on jobs, not inflation which is "transitory", and today's blistering inflation print - where used car prices accounted for a third of the jump - "does not change delayed tapering." At least when viewed from the Fed's skewed perspective. Remember, Fed is focused on jobs...