Archive for the Economy Category

The Ultimate Monopolist, The Federal Reserve, Dictates Economic Policy; The Surviving Monopolists Dictate Price And Quality (February 6, 2023)

Posted in Economy, Federal Reserve on February 6, 2023 by

. . .

J          “The Federal Reserve has an almost absolute and certainly unconstitutional monopoly on economic policy in America.  Congress has abandoned its policy and oversight duties and only spends money that does not exist.  America is a command economy with an unelected cabal of buffoons many with a high school mentality sporting ‘piled higher and deeper degrees’ making fundamental decisions about investment, production, distribution and income determination in secret by decree.  The scheme and the scam have not served the public well.  So there you have it.”

. . .

K          “Eighty-nine percent of Americans think we live in a free market economy.  Over the last two decades, I have watched industry after industry after industry after industry after industry after industry taken over by one major player.  Never have as many industries been as monopolized by one major player as they are today.  That results in higher prices, lower quality and fewer innovations.  So there you have it.”

. . .

[See the book “Goliath: The 100-Year War Between Monopoly Power and Democracy” by Matt Stoller and “A tale of two worlds” by Alasdair Macleod in “” dated February 1, 2023.]

[See the e-commentary on monopoly almost a dozen years ago at On Freedom and Liberty (May 24, 2010) and the e-ssay even more years ago reflecting on the greatest institutional threat at Who Is Your Big Bad Bogeyman? (March 26, 2007).]

Bumper stickers of the week:

The bigger the top, the bigger the pop

So there you have it

2023:  Inexorable and Immanent? (January 2, 2023)

Posted in Economics, Economy, Federal Reserve on January 2, 2023 by

. . .

K          “The Fed is caught between a rock and a hard place.”

J          “The Fed is caught between a hard place and a rock.”

. . .

K          “Uneasy.  Very uneasy.”

J          “Not easy.  Very not easy.”

. . .

K          “The excitement I expected in 2022 looks like it festered and percolated last year.  This year the festering and percolating brew may explode with consequence.”

J          “It could be consequential.”

. . .    

K          “Is this the year?”

J          “They will manage to punt making any big decisions and kick the can down the road and limp the economy along.  They always do.  At least so far.  To date.”

. . .

[See the e-commentary at Twenty Sixteen (January 4, 2016) and The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022).]

Bumper stickers of the week:

Lord, give me coffee to change the things I can change and wine to accept the things I can’t.

Coffee and friends:  A perfect blend.

Wine improves with age.  I improve with wine.

Hold ‘em?  Fold ‘em? Who knows? (June 13, 2022)

Posted in Economy, Song Reference, Stock Market on June 13, 2022 by

[DuckDuckGo is completely blocking]

. . .

K          “Fold ‘em?”

J          “Hold ‘em?”

. . .

K          “Uncertain times.”

J          “Certainement.”

. . .

K        “Every measurement, every metric, every benchmark, every instinct, every impulse, every pulse screams that the financial system should have exploded and imploded years ago.”

J          “The only thing the little person in the American criminal enterprise system can do is buy and hold in and for the long term.  The system is otherwise rigged to plunder the little person and protect the big person.”

. . . 

[See the e-commentary at The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022), Careening Toward A Global Totalitarian Authoritarian Behemoth?  And Then There Is The Fed’s Self-Inflicted Great Checkmate. (January 3, 2022) and “Bitcoin”, “Ethereum” . . . “Blockchain Technology” Say What? (July 3, 2017).]

Bumper sticker of the week:

Hold ‘em?  Fold ‘em?

A day late and a Bitcoin short.

“You’ve got to know when to hold’em, know when to fold’em,  Know when to walk away, know when to run.  You never count your money when you’re sittin’ at the table, There’ll be time enough for countin’ when the dealin’s done.”  “The Gambler” written by Don Schlitz and sung by Kenny Rogers.

Hard come, easy go.