They missed a huge opportunity last week. Then they could have taken credit for the deflation this week. Now they’re back between the proverbial rock and a hard place. Larry (Lucky Louwee)
“ everything the Fed has done for most of this century has been designed to get everyone into more nonproductive debt” so true. Heh heh Druckenmiller on the NFI list anymore
I've seen a lot of talk on Twitter, you aren't missing much, about raising rates(i.e. demand destruction) won't fix inflation. What we need is more supply. As your counterpart, Andrew Mellon, said: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system."
Absolutely the Fed. I would say they need to get out of the distorting interest rates business. Central planning doesn't work. Even the densest of us should have learned that from the 20th century.
Rudy do you ever get tired of spotlighting corruption and deceit? There has to be something that drives you to do this - Mark Cohodes talks about what drives his relentlessness and I'm wondering what drives yours.
BlackRock Jay and the Fedsters are still digging, Rudy! More than $42BN in the first 9 days of June and it's still not enough - MBS auction went no bid on Friday!
They missed a huge opportunity last week. Then they could have taken credit for the deflation this week. Now they’re back between the proverbial rock and a hard place. Larry (Lucky Louwee)
The Fed's situation is 100% their own fault. https://web.archive.org/web/20220106153005/https://twitter.com/RudyHavenstein/status/1479111650925957127
🎯🙏again for the heads up video ….The most valuable 1 hour an investor can spend. John Collison in conversation with SAN DRUCKENMILLER
“ everything the Fed has done for most of this century has been designed to get everyone into more nonproductive debt” so true. Heh heh Druckenmiller on the NFI list anymore
I’ll be adding that book to the summer list
I've seen a lot of talk on Twitter, you aren't missing much, about raising rates(i.e. demand destruction) won't fix inflation. What we need is more supply. As your counterpart, Andrew Mellon, said: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system."
Letting supply expand will destroy the earth if that John Kerry chap is to be believed
They need to get out of the asset bubble business. This is 100% on the Fed's recklessness.
Absolutely the Fed. I would say they need to get out of the distorting interest rates business. Central planning doesn't work. Even the densest of us should have learned that from the 20th century.
Stock market and in debt are not a place to be right now. Local Banks can’t even be trusted anymore.
Hard assets; P/M, lead, Real estate, and plenty of food and water. Time to stock up.
Rudy do you ever get tired of spotlighting corruption and deceit? There has to be something that drives you to do this - Mark Cohodes talks about what drives his relentlessness and I'm wondering what drives yours.
I have been concerned that the massive exacerbation of wealth inequality caused by this Fed's policies will lead the masses to extremism.
BlackRock Jay and the Fedsters are still digging, Rudy! More than $42BN in the first 9 days of June and it's still not enough - MBS auction went no bid on Friday!
https://occupythefed.substack.com/p/fed-purchases-423bn-usts-and-mbs?s=w
Private-Equity Man!
No one ever said "the Fed will experiment with ZIRP and QE until the top 1% own more than the 50th to 90th percentile."
Luckily our "Public Servants" are in the top 1% otherwise there might be political resistance.