So much of what the Fed does, day-to-day, is pushing a narrative by pure talking. They are the great and mighty Wizard of Oz.
“So much of what the Fed does, day-to-day, is pushing a narrative by pure talking. They are the great and mighty Wizard of Oz.”
If the Federal Reserve* keeps this idiotic cheap money policy going, it will only keep rewarding the nonessential parasites, while putting a “boot on the neck” of global producers.
* I don’t give a crap if we have a Central Bank or a Treasury System. The Financial Sector needs to allocate capital properly or the wealth and productivity of the United States will evaporate.
They’ve been playing “patty cake” with the politicians and hand out groups, in North America, Asia, & Europe for the last 21 years. If they don’t start steering a different course, the capital and labor equilibrium could be so far out of balance, it might not be a lost decade, more like 2 decades.
Its their choice.