Aug
27
What Are the Fed’s Options For Stopping This Crisis? Not Much
ByThe financial system is in uncharted waters… and it’s not clear that the Fed has a clue how to navigate them.
A number of key data points suggest the US is entering another recession. These data points are:
1) The Empire Manufacturing Survey
2) Copper’s sharp drop in price
3) The Fed’s own GDPNow measure
4) The plunge in corporate revenues
Why does this matter? After all, the US typically enters a recession every 5-7 years or so…
What Are the Fed’s Options For Stopping This Crisis? Not Much