Fed Chairman Says U.S. Economic Scheme Performing Real Good (Hint: He Has No Clue.)

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Title : Fed Chairman Says U.S. Economic Scheme Performing Real Good (Hint: He Has No Clue.)
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Fed Chairman Says U.S. Economic Scheme Performing Real Good (Hint: He Has No Clue.)

Jay "Everything is fine." Powell
I am saving this for futurity reference.

This past times Thursday, earlier the Housing Assistance Council's 2018 Rural Housing Conference inwards Washington, D.C., Federal Reserve Board Chairman Jay Powell told the audience that, "the economic scheme is rigid overall."

Mark the date: Dec 06, 2018.

At the same fourth dimension this is going on, using the same methods that I used EPJ Daily Alert that I am really likely, inside a few weeks, to travel forecasting a recession inwards 2019.

Powell, similar close mainstream economists, don't actually convey a trouble organization cycle theory of how it forms as well as why it busts. They simply hold back at past times immediate economical data.

Thus, they tin never spot the downturn of the cycle every bit it is developing.

It appears it is developing now. H5N1 few to a greater extent than weeks of the monetary action I am seeing now,  discussed inwards the ALERT, as well as at that topographic point is petty adventure that a recession volition travel avoided.

Powell has no clue every bit to the economical freight prepare that is really probable to hitting him.

-RW 








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