Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...
moreAuthor of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, an MPA in public finance from Indiana University; and a BA in mathematics from Hanover College. As a young man, I served as a nuclear trained officer on a U.S. fleet ballistic missile submarine during the Cold War.
In terms of articles relating to finance, economics, and the markets I am writing exclusively for TalkMarkets. I have published novels of both fiction and nonfiction, including: Globanomics, Crush Depth Alert; The Sowers Seeds; Champion Standing, Before Monarchs Flap Their Wings, and The Cold War Submariner (1969-1973). Links to my last two books follow:
https://www.amazon.com/Globanomics-Freedom-Understanding-Jim-Boswell/dp/B09L3RC893/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1636467789&sr=8-6
The Cold War Submariner: Boswell, Jim: 9781661139339: Amazon.com: Books
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Huh?
Every time Powell speaks the markets go down because Powell believes in keeping interest rates as high as he possibly can. It's part of the old Federal Reserve playbook. Mortgage rates above 7.0%--credit card rates above 20%. Sometimes i think Jerome and Sydney must be brother and sister.
Don't count on inflation coming down because of the Federal Reserve. Inflation will come down when the effects of Putin's War and the lingering effects of the pandemic are no longer with us. Powell will claim the Federal Reserve conquered inflation when they had nothing to do with it--going up or going down.