Production Discounting Globally Suggest US Consumers In Deepening Recession

By |2015-11-13T18:24:22-05:00November 13th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

When addressing the inability of monetary policy to actually produce its “inflation” target, the FOMC has been left to hiding. They fully and openly admit the role of oil prices in the depression of calculated inflation starting late 2014 because they reason that it somehow doesn’t apply strictly within their mandate (as if it was specifically written for monetary policy [...]