Hi Rudy, How do you compare Fed with other central banks in the world? Are they equally bad at breaking the system? Fed at least had the luxury of world reserve currency status and used it to its advantage a lot, but others? Can you share your opinion about the central banks of China, India?
I really don't follow the others as closely and haven't looked at their history, owners, policies nearly as much. You're right that reserve currency status forgives a lot of sins.
Long format suits you Mr Havenstein Moment. Twitterland isn’t the same without you but you’re killing the pivot into the future. Keep it up and keep it loud.
Did Bernanke recently say monetary policy is 98% talk? Crazy, not crazy. Recent Twitter post from Simon Mikhailovich "For the first 45 yrs, the Soviets explained hardships as "transitory," due to revolutions & wars, both external & domestic." There are cracks in the system.
A lesser degree of debt monetization. e.g., If I was buying $100 billion of bonds a month, and then I only buy $90 billion, that's tapering. It's mind-numbing the games these guys play FOR YEARS and every Fed reporter out there just laps it up.
This year, I spent $1,000 on clothing and I planned to spend $1,200 next year but now I’m only going to spend $1,100. So I have cut next year’s spending by $100.
Hi Rudy, How do you compare Fed with other central banks in the world? Are they equally bad at breaking the system? Fed at least had the luxury of world reserve currency status and used it to its advantage a lot, but others? Can you share your opinion about the central banks of China, India?
I really don't follow the others as closely and haven't looked at their history, owners, policies nearly as much. You're right that reserve currency status forgives a lot of sins.
tldr 😂 exactly.
here is something to avert your gaze from US to EU "politics":
https://twitter.com/MartyBent/status/1529570794057224192
worth it !
Long format suits you Mr Havenstein Moment. Twitterland isn’t the same without you but you’re killing the pivot into the future. Keep it up and keep it loud.
Thank you
Did Bernanke recently say monetary policy is 98% talk? Crazy, not crazy. Recent Twitter post from Simon Mikhailovich "For the first 45 yrs, the Soviets explained hardships as "transitory," due to revolutions & wars, both external & domestic." There are cracks in the system.
Best post yet. Keep them coming chief.
You’ve probably seen this … breathtaking is the right word. https://wallstreetonparade.com/2022/05/new-york-fed-stuns-with-new-report-at-year-end-its-trading-desk-owned-38-percent-of-all-10-30-year-u-s-treasuries/
Thanks. My favorite website.
You echo my sentiments. Powell's and Yellen's B.S. is so phony, it’s their controlled demolition of the middle class.
Great post Rudy.
Perhaps Jay Powell is seeking to be just like your namesake!
You could charge for this content. Don't go full Doomberg and price people away, but . . .
What do econ types think tapering is, if not for balance sheet reduction?
A lesser degree of debt monetization. e.g., If I was buying $100 billion of bonds a month, and then I only buy $90 billion, that's tapering. It's mind-numbing the games these guys play FOR YEARS and every Fed reporter out there just laps it up.
Thank you. Just like they "cut" spending.
This year, I spent $1,000 on clothing and I planned to spend $1,200 next year but now I’m only going to spend $1,100. So I have cut next year’s spending by $100.
But the clothing is better so really you're only spending $700.
As much as I enjoyed your Twitter feed, this medium suits you better.
Amen