The money supply contracted for the first time. What does stagnation mean.

font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more

Inflation is not the biggest problem in the stock market right now. deflation is.

font size Tesla cut the prices of some of its vehicles by as much as 20% last week as inventory piled up and order prices plummeted. Brandon Bell/Getty Images High intergenerational inflation It was the story of 2022. This will not be the story of 2023. The bogeyman of negating inflation — and even some … Read more