I think wages have relentlessly declined. This analysis is ok regarding asset inflation. But inflation has languished below 2 percent and that is more of a ceiling than a target. But article is interesting. And it is good to know that mercantilism nation dirty tricks existed far before NATA came into being.

Trump wants to break the New normal, meaning he wants interest rates to spike.

Great article! Trump caved to the military industrial complex. It seems to be the only beneficiary of the financialization of America. He is deregulation on steroids. And his private infrastructure is certain to cost the people while increasing profits for the financial system. Neoliberal could be defined as conservative without compassion. Even the big churches have become neoliberal, supporting a president that is highly immoral and hateful. Transfer of risk from banks to the counterparties, and ultimately to the people was the aim of Alan Greenspan. He has been so successful in weakening middle America so much that real wackos like Trump and other populists get elected to the highest offices with support from supposedly moral people.

I have seen this. Non compete almost rivals not allowing people to buy food for the homeless. Our nation's values have been perverted by the darkest side of capitalism and privilege.

You say inflation. But, assume that the Fed is in control. It will sacrifice the stock market and the economy if necessary to stop inflation.

So, we need to start a trade war because of the debt Goldman alum added through irresponsible tax cuts to the rich? You can't be serious, Peter.

This is a very interesting concept. Yet attempts by politicians to overheating the economy, giving people more to spend and forcing a need for more workers, and even foreign workers, is always met with resistance by the Fed. That means that while this population demise is part of the reason, that there are other forces at work as well, requiring that interest rates remain low.

Well, we won't see gradualism with Powell. And someone tell me, how does Janet Yellen get away with not knowing that off balance sheet banking was allowed by the Fed and at Basel 2? The bad loans were still in the financial system and Basel 2 planned it to be that way. The ones they couldn't pawn off to investors, anyway. How could she be so...stupid.

And she was not alone. Point is, they are lying about being stupid. JMO.

Seems like this last cycle has not seen factory growth. The boom has not brought about a whole lot of investment, mal or otherwise.

Powell is already a hawk, even before this announcement. Trump may one day wish for a female at the Fed, and her name was Janet Yellen.