The year was 1972, and I was studying at the New York Institute of Finance. Preparing for a career in finance. My principal Professor was Charles McGolrick.

McGolrick was one of the colorful characters who filled Wall Street in those days. As a young man he had seen the destruction of the Great Stock Market Crash of 1920, and the ensuing depression.

And this point is absolutely critical. Because the strategy the the Fed is adopting is to fight the excess cash in the system. Those fictional dollars that you are I don't really have.

By cutting back on liquidity injections and raising interest rates, the Fed is going to make cash harder to come by. At just the time that we're going to need a little boost.

And this point is absolutely critical. Because the strategy the the Fed is adopting is to fight the excess cash in the system. Those fictional dollars that you are I don't really have.

By cutting back on liquidity injections and raising interest rates, the Fed is going to make cash harder to come by. At just the time that we're going to need a little boost.

And this point is absolutely critical. Because the strategy the the Fed is adopting is to fight the excess cash in the system. Those fictional dollars that you are I don't really have.

By cutting back on liquidity injections and raising interest rates, the Fed is going to make cash harder to come by. At just the time that we're going to need a little boost.

And this point is absolutely critical. Because the strategy the the Fed is adopting is to fight the excess cash in the system. Those fictional dollars that you are I don't really have.

By cutting back on liquidity injections and raising interest rates, the Fed is going to make cash harder to come by. At just the time that we're going to need a little boost.

This week we've seen some of the critical reports on our economy.

Today we put it all together. I call it: “The Economy In A Nutshell.”

This week we've seen some of the critical reports on our economy.

Today we put it all together. I call it: “The Economy In A Nutshell.”

This week we've seen some of the critical reports on our economy.

Today we put it all together. I call it: “The Economy In A Nutshell.”

This week we've seen some of the critical reports on our economy.

Today we put it all together. I call it: “The Economy In A Nutshell.”

It's a question that I get fairly often.

Now we are all aware of the direct financial intervention that the Fed took as a result of the economic lock-down created as a response to the Covid-19 Pandemic which hit the economy hard beginning in 2020.

But isn't that pretty much over? And the Fed response also competed by now?