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The reader is invited to ponder the impact of dumping all of that cash on the economy at the start of the Covid lockdown.
Yellen: Dammit Joe, I’m a bureaucrat, not an alchemist!
The reader is invited to ponder the impact of dumping all of that cash on the economy at the start of the Covid lockdown.
Inflation is going up because of the war in Ukraine and we are pulling away from China. Its a small cost to pay to get our economy back. The war is crap. But separating from China is very important. Our businesses and our government have been bought and paid for by China. Just look at Australia and Canada. We need to separate even if things cost more.
Our little Broadway play about debt limits is also a farce. Yellen’s deadline of June 1st is silly. She can go on for close to a year if she had to. But creating a small crises may shake the markets and send the interest rates up, which they want. Then the fed does not have to do it. If the ten year note goes to 5% then they will stop raising rates. Until then they will keep raising. The 1 year is over five. The five year is is over 4 and the ten year is under 4%. Thats inverted. They need the ten year at 5% which will hurt China if it keeps print money. The Chinese Yuan is not worth 7 to the dollar. They won’t be able to buy dollars with Yuan any more.
How’s everybody doing so far with all the money the RATS said we’d be “putting back in our pockets.”
Everyone in the Biden Administration are grossly incompetent and a liar there is nothing they haven’t screwed up it’s Obama act three.