October 21, 2014

Charting the Course to $7 Gas

gas-hike

I'm not an economist but the the essay below makes a lot of sense. The author, J. Kevin Meaders, says this is the cycle we are in: The Fed has tripled the money supply and reduced interest rates to zero. A stronger economy is trying to get off the ground but can't because all the newly created money is being retained by the banks in reserve. Eventually the banks will start lending … [Read more...]