Phoenix Capital Research recaps some of what I have posted and tells you why we are already in trouble.
- We're likely already in a recession again (though we really never left one since 2008)
- The Fed will soon be buying 90% of all new fixed income.
The Federal Reserve met market expectations Wednesday with another round of easing, this time with a pledge to keep interest rates low until unemployment falls below 6.5 percent and inflation tops 2.5 percent.
"...the Fed's buying like three-quarters of the debt that America issues."
"We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up."