Is there learned analysis of the significance of today’s federal reserve’s quarter point rate increase followed by a decline in U.S. and Canadian bond rates?
Marc Faber says, and here I agree, that economies world-wide are experiencing cost of living inflation (stagflation) and asset price inflation of stocks and real estate. He also suggests that only the part of the U.S.economy that serves big money is doing well.
The U.S. plans to increase military strength and diminish spending on things that might be classified as social programmes to “make America great again”. But wise journalists still find name calling, ridicule and “snoop dog” conflicts more exciting. And shouldn’t everyone want to know how money borrowed from China might be used to improve U.S military strength in the Pacific?