I’ve been watching Steven Van Metre videos on Youtube.
He’s been making an interesting case that since the money for the stimulus was borrowed both domestically and from overseas dollar reserves, that it wasn’t really money printing. And that now that fiscal stimulus has ended, that things will go back to normal, and the inflation will reverse.
Kathie Wood also has been saying we will see deflation instead of inflation.
ROFL @ Kathie Wood. I'm sorry, she has zero credibility with me.
Kathie Wood also has been saying we will see deflation instead of inflation.
************
Have you looked at her ARKK fund lately? I wouldn’t put too much stock into her opinions.
“Kathie Wood also has been saying we will see deflation instead of inflation.”
Inflation is too much money chasing too few goods. I’m seeing empty shelves in every store I’ve visited. (Too few goods.) I’ve had to pay more and more for everything I’ve bought. (Inflation.) I think inflation is here and it’s not going to reverse, if it did, we’d have shelves and warehouses filled with unsold goods. Where is this flood of goods coming from? The ports are so bad off the government has told the shippers to anchor their fully loaded ships over the horizon so they can’t be easily seen. That problem is two years away from being resolved.
“He’s been making an interesting case that since the money for the stimulus was borrowed both domestically and from overseas dollar reserves, that it wasn’t really money printing. “
That’s the treasury dept. No they don’t print money, they can only borrow. It’s the fed that prints the money.
But the fed is not allowed to buy newly minted treasuries but they can buy publicly held ones, and in doing so prints money which is injected into the economy which in turn allows the public to buy newly minted treasuries.