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Monetary System

Hippie-punching MMT

I have been trying to organize a decent exchange on MMT on the new financial media platform Real Vision. My first attempt got dropped because the conversation wasn't forward looking, diving into the issues people care about, namely the…

The Fed has inverted the yield curve

Back in September 2018, Fed Governor Lael Brainard dismissed yield curve inversion as a signal of recession, something I saw then - and still see now - as a mistake. And what I said then is that this mistake would lead to the Fed's…

Powell’s Mao Moment

By Marc Chandler This first appeared on Marc's site, Marc to Market In the iconography of Mao, some see pictures of the Chairman showing both ears as signaling that he was listening to all the people.  In this sense, Powell had his Mao…

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