Thursday, March 21, 2019

His paths are limited

Powell Aims to Dodge Japan Deflation Trap With Dovish Fed Tilt


He has the shadow of 1972 and 1932. He has a single recession cycle to do his magic.  He is trying to keep the can kick on target.

Nope, that is not efficient.  Technology alone will swamp the boat. I think Powell and company need to keep a 1972 plan in their pocket. We have this problem, unpriced productivity that has been held up with insurance guarantees in Congress. We are deflationary in a massive price distortion.

So, reconcile accounts, update the system and move on.  Otherwise the necessity of price will force us to move on to another currency system.

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