Pinpointing When The Economy Will Give Way to the Next Downturn
The business cycle in the US undergoes waves of booms and busts that create euphoria, and then widespread pain when the economy implodes. This cycle will continue if the Federal Reserve tries to “manage” the $20 trillion US economy to achieve its objectives of maximum employment and 2-percent inflation. It’s tactics involve targeting short-term interest rates, known as the fed funds rate. The fed funds interest rate is the rate banks charge each other for overnight loans. Q3 2021 hedge fund letters, conferences and more Since the Federal Reserve was created in 1913, its track record reveals wh...