Discussion
I love his quote at the end. “There’s a chance” inflation will get worse after they lower rates, you don’t say
They constantly have to decide whether to have sort of bad inflation or really bad inflation. It’s just so dumb
I bet Jerome has a recurring dream of being a shepherd guiding the sheep.
Stealth QE in full effect already. NYCB gonna fail (considered the most conservative bank because most of its balance sheet is filled up with NYC real estate, ie. considered prime assets that will only appreciate) after they were given a golden handshake deal to take over Signature Bank's assets when the Fed let them fail in 2023.
Fuckers gonna keeping fuckin' but I'm going with plan B. God knows what else is comin' down the pipe from our trickle-down shit lords.
Imagine trying to tell people that inflation comes from people not owing enough instead of the printers going brrrrrrrrrrrrrr.