The next recession could come courtesy of the Fed

Bloomberg/Stephania Flanders and Michael Sasso/10-21-2021

cartoon showing cowboy riding snail shouting yeehaw“A chaotic pandemic economy is putting central bankers in a precarious spot.”

USAGOLD note: Up until about ten days ago, recession was not a word commonly bandied about in the financial press. Now it is. Above and beyond the Fed’s threat to taper (which ultimately would be how the Fed could instigate a recession), there is the old problem of the Fed pushing on a string – creating stimulus that simply does not find its way into the Main Street economy.

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