Archive for March, 2023

Federal Reserve's Great Recovery Rewind is reducing reserves banks hold as protection against runs.

Just when you have figured out what you’re going to write about at the start of day, along comes major morning news that sweeps your plans away. Today, the news changed more quickly than I could write the introduction to this article. I had to rewrite it and the headline several times after I published the article!

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David Rydevik (email: david.rydevikgmail.com), Stockholm, Sweden., Public domain, via Wikimedia Commons

As we’ve all heard many times, history never repeats exactly. This time around, commercial real-estate is where all the naked swimmers are showing up, and the big reveal has arrived almost overnight like a tsunami, sucking all the water out of the bay. carrying more than a few swimmers out with it.

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How many times in the last three years has George Orwell’s 1984 towered like a tombstone over democracy and basic human freedoms right here in the US? This week the echoes of goose-stepping Soviet boots could be heard in the halls of Florida’s state legislature, and they were being worn by one particular Republican, Florida […]

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By Marcosleal (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

Not all these voices are “great” as in “wise,” but some are that, too. What follows are some of the words from a couple of big economic thinkers who have predicted big crashes in the past and one major establishment voice who, all of last year, has been contradicting the predictions of his big colleagues.

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