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My segment begins at the 47 minute mark. Why the Federal Reserve Sucks is available on Amazon.
The Consumer Price Index has been decelerating since last summer. Nevertheless, price inflation is still historically high. A recession is unfolding and should pick up steam in the second half of the year. I would not be surprise if the Fed “pivots” and begins to lower the fed funds next year.
The 2020s is looking eerily similar to the 1920s. And we know what happened in 1929. Will history repeat itself in 2029? I will lay out the case for a major financial crisis by the end of the decade in a forthcoming post.
Happy Mother’s Day.
Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His new book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle. Sabrin’s autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.