Has anything been more wrong than @federalreserve predictions?
Discussion
Enter Paul Krugman and his best pal Bitcoin
Nope, and they are causing uncertainty for no reason other than to manufacturer a collapse
“Inflation is transatory”
“Whoopsies inflation is here to stay”
“We’re raising rates and should have inflation under control when our goal is met”
“We’ve miscalculated the economic data is still strong and we may need to raise rates higher than previously expected”
That is not what they're saying at all....
IF we get continued anomalies(outliers), THEN we'll need to be more aggressive.
Right now, we're on the same path they said last year.
My only concern, is they're not selling MBS. Thus, holding up housing market. Thus, perpetuating the high numbers.
Yeah, I had said last year, the Fed has so much ammo, so many powers, so many levers, it's hard to believe they won't manage a soft landing.
They also have the huge repo facility and then the soverign shadow debt facility they don't even report.
However, they're not really using their powers. They're afraid too, unlike say Japan. They need to sell their treasuries and MBS of certain dates to target the yield curve so it isn't inverted. They could do so much more to make the numbers work out like they want, because all these numbers are fugazi, but they're afraid to be seen doing anything. They fear for the longevity of these powers if they were to openly wield them.
100% !!!
Only take i have different; they're not afraid to, it's just the fed is comprised of the same private entities that benefit the most from the absence of them(Fed) executing.
The Feds/banks incentive is to make sure USA has the most amount of debt as possible, to insure the most amount of interest payments, to insure the most amount of broke slave labor/slave consuming/slave debt.
This is why we bitcoin 🤣🤣🤙🤙🍻🍻
I was just pointing out the progression of how their narrative has changed since 2021. It was pretty obvious 6-12 months ago that if this data kept coming in too strong they would have to keep raising. But agree with what you’re saying
It's important to highlight, as that is how it's being sold to the norms.
Norms always a year behind following narratives, but really 2 years because by the time they catch up we've moved on in main stream world to avoid the actual facts.
Insert covid/vaxx debate here 🤣🤣
you cannot predict ponzi criminals and clows
J Pow is not talking to the 99%, he’s talking to the 1%. What he says is not on the table, is on the table.