Lyn Alden: Next Fed Move could force A New Global Currency!!!
Collapse of "Federal Reserve Notes". Be prepared for next Economy Collapse 20232. Another argument for a shorter time lag comes from the global economy, in which most countries are tightening simultaneously. One indicator that covers 54 countries shows that almost all are tightening monetary policy. As the world has become more interconnected, simultaneous changes in policy have greater and quicker impacts.
On the other side of possibilities, the greatest argument for a slower response of the economy to monetary tightening is consumers’ high bank balances. In the pandemic, spending fell due to lockdowns, but incomes rose. Stimulus checks went to most families, working people got pay raises, and those laid off received extra unemployment insurance that, in many cases, more than compensated for lost wages. Savings in excess of the normal trend zoomed for a year, then started declining as people slowly spent more money relative to their earnings. By my estimate, the accumulated excess savings now totals $1.5 trillion, an amount that is declining by about $90 billion per month. At that rate, consumers’ bank balances will return to normal in 16 months.
Another good reason to expect a long time lag before monetary policy triggers a recession is the excess demand for labor relative to the number of unemployed people. As companies re-think their hiring plans, their first step will be to cut open positions, not lay off working people. The response will vary by company and industry, of course
-
13:47
RealReaper
17 hours agoThe Acolyte Episode 5 Is Dumb
203 -
41:09
World Nomac
14 hours agoExploring the Shanghai City, China 🇨🇳
3343 -
17:58
Degenerate Jay
15 hours agoWe'll Never Get A James Bond Game Like This Again?
382 -
7:45:03
SNEAKO
10 hours agoSNEAKO X MYRON DESKTOP STREAM!
126K95 -
2:57:04
GoodLawgic
9 hours agoThe Following Program: The Left is LOSING It and it is HILARIOUS
41.4K22 -
10:13
MichaelBisping
20 hours agoBISPING: "Give The Man A Shot!" | What's NEXT for Alex Pereira? HEAVYWEIGHT vs Jones or Aspinall?
19.4K9 -
2:19:28
Price of Reason
14 hours agoDisney Getting SUED? Acolyte Ep 6 REVIEW! Kevin Costner Horizon FLOP! Sweet Baby Inc Strikes AGAIN?
30.8K3 -
1:32:10
TheMonicaCrowleyPodcast
16 hours agoThe Monica Crowley Podcast: Leftist Meltdown
37.5K15 -
57:01
Man in America
12 hours agoWhy Are They Building SECRET DETENTION CAMPS in All 50 States? w/ J.J. Carrell
52.8K212 -
8:38
Robby Starbuck
5 days agoTractor Supply Ends Woke Policies in Response to Our Boycott!!
58.5K55