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It’s Not Just Inflation, The Fed’s Lost Control | Round Up

Supply Shock

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The Fed Is Getting a Nobel Prize, Right?

The two-year yield curve is telling us that we are about to have a recession, at least as bad as the 1980s. It doesn't necessarily have to be the Great Depression, but we're one policy error away from that. And what I was thinking about when we were talking about Bernanke getting a Nobel Prize and all this stuff is, do you remember that time magazine cover of Alan Greenspan and Rick Rubin in 1999 or something like that? The committee saved the world.

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