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Fed About To Really Blow Things Up

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 63,638 Founders Club
in Tug Tavern
https://www.youtube.com/watch?v=d1O_FGU5q3w
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,649 Swaye's Wigwam
    A bit all over the place. On one hand says that Powell cares more about his legacy and will get super tight for awhile to avoid the 1970’s. But then he will pivot in like September back to cutting rates because government spending is out of control.
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  • DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 63,638 Founders Club
    Bob_C said:

    A bit all over the place. On one hand says that Powell cares more about his legacy and will get super tight for awhile to avoid the 1970’s. But then he will pivot in like September back to cutting rates because government spending is out of control.

    The one thing I didn't like is that he acts like this is 100% why Powell is doing what he's doing -- his legacy. I'm not sure it's as simple as that. I think the Fed is being reflexive to the directives of the Biden Admin.
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,649 Swaye's Wigwam
    Read something that 50% of the US govt debt retires in the next 2-3 years. So all the new bonds that will get written to fund the government will be even more expensive.

    We need a crazy amount of austerity. And we should burn down the fed.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,287 Standard Supporter
    Just declare bankruptcy and have the new Republic of Greater Idaho come in as the debtor-in-possession.

    Easy peazy
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