I find this kind of comment intriguing. From ECRI (Economic Cycle Research Institute):

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off. 

Maybe it´s because, to start with, it was the policy makers errors that drove the economy to the tipping point. But if they have the power to “tip” it, they must also have the power to “untip” it.

So many wonder why they (the policy makers) have “abandoned ship”.

3 thoughts on ““Adrift”

  1. Lorenzo
    Thanks for reminding me of that SS post back in March. The implications are terribly pessimistic. almost nihilistic. If the Fed were a private company, the whole “Board of Directors” would be immediately sacked! All the way back to the Eccles Fed in the 1930s we see that they will never acknowledge their mistake. Actually the present Fed gets kudos from many quarters for having “prevented” another “Great Depression”!!!

  2. “Nihilistic” Great word. I have been fighting that tendency….but when you hear people braying about the need not to “debase the currency,’ then nihilism seems like an option.

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