The Week That Matters (29 July-2nd August 2024)

"Whenever there is a financial crisis, it's always the banks that get hit." Gordon Wu

Financial Regime Change: A serious business

This newsletter might owe Federal Reserve Chairman, Jerome Powell, an apology. It has been highly critical of Powell over the last three years, arguing he shouldn’t have embraced the ghost of Paul Volcker, the former Federal Chairman. In doing so, he took jobs from the working poor and the young, just to achiev…