The Fed's Raising Rates

GDP is a slow moving animal. So much GDP is spending on education. You want to look at that to call a recession? I don't think so. Here we have the Fed raising rates. Go to show you how freaked out they are over inflation. They're buying into this view that it's not falling fast enough. The last central banker to race rates into a bank failure was Guess Who. It was Paul Volcker in May of 1984 around Clonin, Illinois. And guess what? Inflation didn't get to 2%. Of course, back then, they were talking about this being Volcker et al., which is ridiculous in its own right. 40% imp

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