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Stock & Bond Investors Are Now Paying The Price For The Fed's Dangerous Experiment [zero hedge]

JOHN WILEY & SONS (JW.A)  More Company Research Source: zero hedge
Last john wiley & sons earnings: 6/12 08:00 am Check Earnings Report
US:NYSE Investor Relations: wiley.com/en-us
PDF Authored by Vitaliy Katsenelson via ContrarianEdge.com,The Federal Reserve’s changing of the guard — the end of the Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union.Back then, our local grocery store had two types of sugar: The cheap one was priced at 96 kopecks (Russian cents) a kilo and the expensive one at 104 kopecks. I vividly remember these prices because they didn’t change for a decade. The prices were not set by sugar supply and demand but were determined by a well-meaning bureaucrat (who may even have been an economist) a thousand miles away.If all Russian housewives (and house-husbands) had decided to go on an apple pie diet and started baking pies for breakfast, lunch, and dinner, sugar demand would have increased but the prices still would have been 96 and 104 kopecks. As a result, we would have had a shortage of sugar — a common occurrence in the Soviet era.In a capitalist economy, [Read more]

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