Loading ...the same money supply games they’ve played since the Fed’s inception.
I looked over the eco data this am. Funny thing, corporate profits rose 10.9% vs the expected 8.4%. So not only do we have inflation crushing us, but the large corporations are also hosing us at a time when we can least afford it. I suppose this is what we get in crony capitalism.
After reaching 23% in March, the bills proportion of total debt fell back to 22.2% in April, the biggest monthly drop since March 2023. The Yellen pivot is fading…