German recession and the Brazilian canary: British pound signals EU turmoil ahead Alert, Powell’s US pre-election money boost – same as Bernanke and Burns or different?

      Fed Chief Powell losing his patience, yet trying to save face (against charge of submitting to White House) by announcing a pre-election (November 2020) monetary stimulus which will only take effect “on the ground” at the next FOMC meeting not yesterday (note Fed speak, if economic conditions require!) appears to many in the market-place as a reincarnation of the past.  Think of Ben Bernanke and Alan Greenspan, preparing their pre-election bonanzas of Spring 2003 (ahead of November 2004) or Arthur Burns in Spring 1971 (ahead of November 1972).