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The Rational Walk's avatar

Wow, what a quote from Cathie: “ Volcker doubled the Fed funds from 10% to 20% in less than a year. Powell’s Fed has increased the funds rate 7-fold in the last year and is pointing to another double from here. Its moves already are more draconian than Volcker’s.”

Aside from the intellectual dishonesty, the fact that her portfolio cannot tolerate a negative 7% Fed funds rate and she has to beg for a rate cut says something. Who would give this person money to invest?

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Bob Gonzales's avatar

Why did I get the feeling listening online to this afternoons discussion that it was more like a script, a movie, that was available to the world to see, both the Powell &, the Senators knocking Powell around with “plastic gloves” resulting in one of the most F’ing boring Shit Show movies 🎥🍿this year. We’ve got big unresolvable issues 🎯😞

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