""Whatever Treasury Secretary Yellen and Fed Chair Powell are doing publicly and privately to help stem market concerns is very clearly not working," said Colas. "
So if I am reading this information correctly, they are saying the markets are already pricing in the demise of the Fed? The markets recognize whatever the Fed and Treasury are doing doesn't work and the market doesn't care? The market is going to make them irrelevant going forward.
Almost looks like a rejection of policy to me. Not denial, out right rejection of the agenda of the deep state?
Many have been preparing for a hyperinflationary cycle, new currency FedNow, and hard times. Some are saying zombie apocolypse, socialism like China, Great Depression 2.0, others are preparing to take advantage of the fall. Talking about how millionaires are made in times like this when there is a big shift.
But to read that the markets have basically said to hell with the Fed and Treasury is something I do not think has been calculated into the general population's psyche.
The number of dollars in the economy is a market fundamental. Unless you take that control away from the Fed, it will always remain a force to be reckoned with.