The Market Ticker - Powell: I Lie. You Should Buy
I’m very concerned about the trajectory of federal debt. Therefore I will cut rates so the government can run even larger fiscal deficits — that is, take on more federal debt.
I’m very concerned about the trade talks. Therefore I will cut rates, but there won’t be a recession due to the trade situation.
I’m very concerned about low inflation. This, of course, is a lie; the US Government ran a ~4% fiscal deficit from a year ago (as of today), yet both GDP and wage growth are under that, so you’re getting ass-rammed on a daily basis.
And so on we go; the bubble machine continues onward.
There is no independent central…….
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Source: https://www.market-ticker.org/akcs-www?post=236303
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