Posted on 10/01/2023 10:01:29 AM PDT by Kaiser8408a
We know that the horribly-flawed Bidenomics doesn’t work, unless you are a large corporate donor in green energy. For the rest, particulary small companies, Bidenomics is a total bust.
Under Bidenomics (the Soviet-style command economy), small companies are paying reconrd interest expense WITHOUT a major boost from interest income. Well, ain’t that a kick in the head … to most companies.
Pension funds that invested in “safe” MBS are finding that MBS isn’t so safe under inflation.
Look at the 10Y-2Y yield curve since Covid. I had a slight surge by March 2021, then has flattened then inverted as The Fed’s balance sheet still remains above $8 trillion.
Face it. The Biden Administration and Congress are owned by BIG corporate interests. BIG defense, BIG tech. BIG Pharma, BIG banking, BIG auto, BIG Union, BIG anything.
No wonder the Obamas were seen snorkeling in The Med with Tom Hanks and Steven Spielberg. BIG Hollywood!
(Excerpt) Read more at confoundedinterest.net ...
Hunter says-——”amateur!”
DOH! Wrong story. Still.....
It's the little companies that represent the free market system. The big companies want to pull up the ladder once they've made to kill-off any start-up competitors.
They always eventually tell you who they are. You just have to listen: https://twitter.com/RealJamesWoods/status/1708531331700039764
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.