{"id":47733,"date":"2019-08-11T07:29:54","date_gmt":"2019-08-11T12:29:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47733"},"modified":"2019-08-11T07:29:58","modified_gmt":"2019-08-11T12:29:58","slug":"this-is-the-same-pattern-the-fed-followed-before-the-great-depression","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47733","title":{"rendered":"This Is The Same Pattern The Fed Followed Before The Great Depression"},"content":{"rendered":"\n

This Is The Same Pattern The Fed Followed Before The Great Depression<\/a><\/strong><\/h3>\n\n\n\n
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Photo by\u00a0Marco Verch Professional Photographer and Speaker<\/a>\u00a0|\u00a0CC BY<\/a>\u00a0| Photoshopped<\/figcaption><\/figure><\/div>\n\n\n\n

There is immense confusion surrounding July\u2019s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed\u2019s latest rate decision of a mere .25 bps cut was seen as \u201cdisappointing\u201d, this was then followed by Jerome Powell\u2019s public statements making it clear that this was only a mid-year \u201cadjustment\u201d, and that it was not the beginning of a rate cutting cycle and certainly not the beginning of renewed QE. This shocked the investment world, which was expecting far more accommodation from the Fed after 7 months of built up expectations that the central bank was about to unleash the stimulus punch bowl again.<\/p>\n\n\n\n

The question that very few people are asking, though, is why didn\u2019t they? What is stopping them? Everyone from daytraders to the president wants them to do it, yet they continue to keep liquidity conditions tight. In fact, they even dumped another $36 billion in assets from their balance sheet in July. Why?<\/p>\n\n\n\n

Keep in mind that the latest Fed decision does two things: First, it is an indirect admission that the U.S. is entering recession territory. Second, it is also an admission that the Fed doesn\u2019t plan to do anything about it, at least, not until it\u2019s too late. In other words, all those people who thought the central bank was about to kick the can on the current crash in economic fundamentals were wrong. As I have been predicting for many months, the Fed has no intention of trying to delay the effects of negative conditions any longer. The crash is now a reality that the mainstream will have to accept.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

This Is The Same Pattern The Fed Followed Before The Great Depression There is immense confusion surrounding July\u2019s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed\u2019s latest rate decision of a mere .25 bps cut was seen as \u201cdisappointing\u201d, this was then followed by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5993,303,1400,431,16888,534,827],"class_list":["post-47733","post","type-post","status-publish","format-standard","hentry","category-economics","tag-brandon-smith","tag-fed","tag-interest-rate-cut","tag-interest-rates","tag-jerome-powell","tag-monetary-policy","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47733"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47733\/revisions"}],"predecessor-version":[{"id":47734,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47733\/revisions\/47734"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}