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comment by kleinbl00
kleinbl00  ·  2259 days ago  ·  link  ·    ·  parent  ·  post: The Next Financial Calamity Is Coming. Here’s What to Watch.

Yeah the wonks get even more flagrant about it:

IF the Federal Reserve adjusts interest rates by monitoring the Phillips curve

AND the Phillips curve suggests a correlation between employment and interest rates

AND the official unemployment rate no longer matches current employment trends

THEN the Fed is at sea.





katakowsj  ·  2259 days ago  ·  link  ·  

I found the following concerning as well.

    There’s no question that hackers are trying to penetrate the American financial system. The number of successful data breaches has been rising.

    Banks are rushing to fortify their defenses. The crippling of a major financial institution at the hands of hackers could sow fear and instability across the entire banking system — the same sort of chain reaction that brought financial activity to a halt 10 years ago.

Lends me to see Crypto currency as a nice hedge to a huge hacking of traditional institutions.

kleinbl00  ·  2259 days ago  ·  link  ·  

That was the basis for the creation of Bitcoin in the first place: Satoshi Nakamoto, whoever he, she or they may be, saw the bailouts of the markets by central banks to be a "hacking" of the financial system to the benefit of large institutional investors.

I read Bernanke's Courage to Act. The basis of the book is "stupid Americans, not knowing what's good for them, even now that Goldman Sachs is making profits hand over fist!"