Richard Werner – an economics professor and the creator of
quantitative easing – says that it’s a myth that interest rates drive
the level of economic activity. The data shows that the opposite is
true: rates lag the economy.
Economics prof Steve Keen – who called the Great Recession before it happened – points out today in Forbes that the Fed’s rate dashboard is missing crucial instrumentation:
The Fed will probably hike rates 2 to 4 more times—maybe even get the rate back to 1 per