With no fiscal discipline by this administration and the uniparty congressional collaborators voting FOR the debt ceiling extension with NO caps on spending, what is a Fed to do? Paul Volker 2.0 coming your way and a whole lot of demand destruction in the process. Inflation, and deflation for that matter, are extremely hard for get back in the barn when running freely.
Even the Fed is not truly in control of things - it just happens to be a central point to which a large proportion of market funds (not necessarily market participants) refer to. That referential power only goes so far.
"...house prices are holding up because nobody’s selling — even if the kids go to college, you’d have to trade a 3% mortgage for a 7% mortgage."
All government intervention in the economy has unforeseen consequences. Those consequences are almost always harmful. And the remedy for the harm is always more government intervention in the economy.
Read the Economist. Read the comments in the FT. Even the WSJ. Nobody believes in freedom anymore. Everyone always wants more government regulation of everything. Where do they think it's going to end up?
With no fiscal discipline by this administration and the uniparty congressional collaborators voting FOR the debt ceiling extension with NO caps on spending, what is a Fed to do? Paul Volker 2.0 coming your way and a whole lot of demand destruction in the process. Inflation, and deflation for that matter, are extremely hard for get back in the barn when running freely.
Either they are very stupid or very evil. Only two choices.
Yes, the classic question, "Fools or knaves?" I have seen it asked often of the Fed. I guess you'd have to read their minds to know the answer.
Even the Fed is not truly in control of things - it just happens to be a central point to which a large proportion of market funds (not necessarily market participants) refer to. That referential power only goes so far.
Reality always asserts itself.
Very difficult article to understand, altough it was explained very well :); but ill come back and read it again a few more times
"...house prices are holding up because nobody’s selling — even if the kids go to college, you’d have to trade a 3% mortgage for a 7% mortgage."
All government intervention in the economy has unforeseen consequences. Those consequences are almost always harmful. And the remedy for the harm is always more government intervention in the economy.
Read the Economist. Read the comments in the FT. Even the WSJ. Nobody believes in freedom anymore. Everyone always wants more government regulation of everything. Where do they think it's going to end up?
None of these ppl are the "government" go ask for a Oath of Office.... I dare you...
All corp cronies..sucking off whoever to get more shekels....
That the Federal Reserve is a private entity and not a part of the government is an absurd sham. Just another lie.