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Have you heard the rhetoric from Janet Yellen??? All this stuff, our alphabet agencies, our judicial system, all of our basic pillars of civilization... It's all been politicized. I don't care if someone is a democrat or a republican. They should have a problem with that, if they truly understand the scope of the problem and the ramifications. The people deserve better. I would never want to see these institutions weaponized and used against democrats.
I think it's wrong that Trump tried to get the federal reserve to cave to his demands and wants for low interest rates. He basically stood in the way of something that should have been done. All that stuff is supposed to be kept far away from the control and manipulation of the executive branch.
Biden will be the guy that absorbs a lot of the ramifications of potentially rapidly rising interest rates. That's basically what he signed up for. It's baked into the cake. I applaud him for his willingness. I certainly wouldn't be signing up for that.
The Fed jacked up rates to kill the Trump recovery and would have toppled the the economy into a recession, until the sudden appearance of Covid pushed us into a recession.
The Fed was wrong to jack up rates so high so fast under Trump. There was no call for it. It was sabatoge by the Fed, pure and simple.
The Fed jacked up rates to kill the Trump recovery and would have toppled the the economy into a recession, until the sudden appearance of Covid pushed us into a recession.
The Fed was wrong to jack up rates so high so fast under Trump. There was no call for it. It was sabatoge by the Fed, pure and simple.
based on the precipitous drop in the stock market, it appears the market is signaling the country is headed for recession.
Yes-
The BIG ISSUE that the markets have no factored in is the QUANTITATIVE TIGHTENING, which is going to impact things to a greater extent than high inflation and rising interest rates.
The Fed is REMOVING $1 TRILLION IN LIQUIDITY FROM THE MARKETS PER YEAR FOR THREE YEARS. Even with that, the Fed will still have $6 trillion in excess bonds on its books.
This is not going to end quickly and will be a prolonged downturn. It would be very difficult for the markets to turn around or the economy to turn around while removing $1 trillion per year from the economy. It would not be impossible, but very, very unlikely.
Think about it- the tailwinds that drove the markets up for the last 13 years and conditioned NEW INVESTORS to believe "buy the dips", "its a good buying opportunity", and the markets recover in a few weeks are going to get their heads handed to them. They believed the pundits and ignored valuations that were 3X historic values and only exceeded by 2000. The valuations when this began were higher than 1929. You had Cramer and idiots at Goldman Sachs saying stocks were "cheap" at DOw 36,000! What were they smoking?
Hang onto your hats- we are experiencing the very beginning of a historic economic and market beat down. There is no "dry powder" for the Fed to intervene, as we already have record inflation. These were bubbles that were inflated by poor Fed policy and greed. Now people are starting to understand they have been screwed.
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