Posted on 12/12/2021 4:51:12 PM PST by Conservat1
El Erian spoke on US TV over the weekend (CBS’s “Face the Nation”), saying that the Fed's insistence on calling inflation transitory is
probably the worst inflation call in the history of the Federal Reserve
And went on:
“It results in a high probability of a policy mistake,” “So the Fed must quickly, starting this week, regain control of the inflation narrative and regain its own credibility. Otherwise, it will become a driver of higher inflation expectations that feed off themselves.” El Erian says the Fed should cut back on the liquidity it is providing ASAP.
(Excerpt) Read more at forexlive.com ...
It’s not a bug. It’s a feature.
There isn’t a single field, subject, Biden-ism succeeded. Foreign or domestic.
Kinda looks that way, for sure.
Once MIT has Stable Coin for the Fed, they will start from zero again?
Check out the US Treasury revenue for 10/2021. Up $30B ($299,295M
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts1021.pdf
Page 10)
Inflation is a moral problem is something for nothing. A form of theft. A form of unlegislated tax.
If it spirals the Monetary action would be to raise interest rates. Could you imagine 4% rates with our deficit? (Not a fan of MMT)
On the PDF, look at Table 8.
I’m 5’ 10 150# my wife is 5’ 10 126#. Hope they’re right.
Everybody is having a cow about inflation except the Bond Market, Gold and Silver.
What’s up with that?
“mistake”
Hmmmm… in 2019 there were 333,000 commercial airline pilots in the US. How many die in any given year? Does the “In Memorium” list of deceased include retirees?
So many questions… so little information. It’s EASY TO FOOL THE LOW INFORMATION CROWD. Don’t be in that crowd!
Oh crap… posted to wrong thread. Sorry.
Elections have consequences. Fake elections have absolute consequences.
We have anguished about the likelihood of this domino event since the mid-1980s. And the Fed and Treasury have usually said they are in control and nothing traumatic will happen.
Then some “genius” like Bernanke (or Geitner, or Yellen, etc.) shows us that they are each serial liars.
As George Carlin apparently said, “It is a big club. And we are not members.”
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