Economics and Investing:
Every Time This Has Happened, A Recession Followed o o o New banking normal where lending $2 increases GDP by $1: US bank credit up 44 percent since 2008 while GDP up 21 percent. o o o Items from Professor Preponomics: US News Inflation as a Policy (Mises) Excerpt: “…the more evident the evil consequences of inflation became, the more rabid became the demands for still more inflation to cure them.” Investors Look for Signs of Future Fed Action (Financial Times) Excerpt: “You don’t get the sense going into this [meeting] that there is a solid consensus,” Ms Swonk said. …