Published in August and now evermore valid …
Left: Stooge du jour, Jerome Powell.
The Fed is likely to start tapering, monetary tightening, because of rising prices. Meanwhile, Commercial Banking is limiting lending. Conveniently, cyber attacks are now taking place.
By Anthony Migchels, for HenryMakow.com
Talk about Fed tapering started last week, and just now it was reported that ‘there’s growing support within the Fed to announce the tapering of bond purchases in September’. Kaplan, one of the Fed’s key kingpins, a little later, was saying October.
The story is that prices are rising faster than expected, and that the job market is overheating.
However, while prices are indeed rising, the other economic facts on the ground are very different: labor force participation rates are still well below the levels of before the Lockdown. Not only that, last week it was reported that US consumer confidence cratered to the lowest level in 10 years.
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