Episode 8: Jerome Powell, Economic Executioner?

Send us a textWhile all focus is on the “Debt Ceiling” buffoonery...the Retail Sales report revealed DEEP and DEEPENING contraction in Sales within nearly EVERY type of Discretionary sector-industry…particularly the heretofore resilient Building Material and Garden Supply stores. At the same time the Fed continues to turn apathetic and complacent phrase when asked about the banking system, saying they EXPECT further tightening in “credit conditions”, and they continue to verbally “attac...