it appears that government measured inflation has been steady at about 3% for about a year (i know, there is a difference between government inflation and reality, but these are DC and NYC policy makers, so some deference must be made to their reality versus the real world).
SP 500 and DJI have declined since july 16. SP500 by 7.5%, DJI by about 3%. The trend (imho) seems likely to continue for the medium term future if no intervention.
the measured inflation is much less than carter era inflation (roughly 20%) in the late 1970s. That era could be viewed as the maximum that Democrats are willing to go.
If the premise is accepted that the central banks largely control politics excluding trump, and want trump gone, then it seems logical that the fed would somehow decide that its policy (always shrouded in voodoo economics magic) would suddenly decide that a change of policy was needed because (invent silly economist supplied reason here). the new policy of choice would be everyone’s familiar old friend, QE.
What are we up to now, QE5 (in 2019?)? so the new QE could be QE6? alternatively, they could come up with a new name for the old medicine. Anyways, printing fiat money and lots of it, starting this month so as to give some time for the money to percolate through the system and have a positive effect on the stock market.
typically, it takes only a few days for the stock market to recover. the fanfare tends to drown out other less flattering economic news. if good news is required in october for a november election, then the QE injection must occur between now (august) and next month (september) so as to ensure favorable monthly stats and headlines for biden ... woops, michelle... woops, kamala in october.
so for democrats to win in november they need a fed change in direction, come hell or high water, just about now.
and anyways, math-wise, imho we don’t have much of a choice than to print more money.
https://www.youtube.com/watch?v=Nzo6DMuZkOo
(and of course i could be totally wrong...)
:-(
deep state anti-2024-trump-reelection plan A: illegal immigration motor voter / mail-in ballots (failed)
deep state anti-2024-trump-reelection plan B: j6 lawfare (failed)
deep state anti-2024-trump-reelection plan C: nys ‘hush money’ election interference case lawfare (stalled)
deep state anti-2024-trump-reelection plan D: fani willis fulton county ga election interference case lawfare (failed)
deep state anti-2024-trump-reelection plan E: mar-a-lago classified documents case lawfare (failed)
deep state anti-2024-trump-reelection plan F: attempt to assassinate trump before he can name his VP choice (failed)
deep state anti-2024-trump-reelection plan G: restrict trump campaigning by making trump rallies too dangerous for trump to hold, by SS/DHS benign neglect (failed)
deep state anti-2024-trump-reelection plan H: replace joe biden with kamala harris (failing)
projected:
deep state anti-2024-trump-reelection plan I: fed quantitative easing
>> That era could be viewed as the maximum that Democrats are willing to go.
From where do you derive THAT fantasy? The Carter-era ‘Rats didn’t slow or stop inflation — Reagan/Volker did.