Wolf Richter with radio host Jim Goddard on This Week in Money, dissecting the Fed’s focus on inflated asset prices, which pose risks to the banks, and how this focus is impacting monetary policy. To top it off, the Fed’s policy-setting FOMC may be an entirely different ball of wax next year. We also discuss “flood cars” — which will show up everywhere — and the chilling side effects of the Internet of Things:
The reaction of the 143 million consumers whose data was stolen in the Equifax hack has been strong. Now lenders and companies with consumer products, such as automakers, are beginning to fret. Their doom-and-gloom scenario: Consumers suddenly becoming prudent. Read… Debt-Slave Industry Frets over Impact of Mass Credit Freezes
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