2 weeks left. Tik tok Fred.
Agreed. Wish he was more pro nuclear ofc.
And then we wonder why gold bugs can’t get behind bitcoin 😂
MARA to the moon!
I suck at investing 😂
Did that two weeks ago. Totally worth it!
Lummis asked him, and he simply said it’s not his job to care about that, in some other words. And he’s kind of right.
You should include Lavish’s response. Maybe get Foss’s input too. Those are my go to treasury guys.
The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money creation and lead to disinflationary demand destruction around the margins.
https://void.cat/d/LciK171UhVRj6yZuNHk2u7.webp
2) At high public debt levels, raising rates also increases federal interest expense, which increases the fiscal deficit, which is a source of ongoing inflationary stimulus into the economy.
https://void.cat/d/FX7vWUrUF4kiNidN1g5PQ3.webp
In the 1940s, inflation was fiscal-driven and public debt was high.
In the 1970s, inflation was mostly lending-driven and public debt was low.
Currently, the Fed is using a 1970s-style playbook to deal with 1940s-style fiscal-driven inflation.
You have literally been saying this for at least a year. It’s so simple, yet many can’t grasp it. Humans are wild. Good stuff as always, Lynn!
Eccles was the man!
NOSTR took a huge leap up in the last week or so. Went from meh to usable.