Jerome Powell is trapped. He didn’t expect inflation to be this high for so long. He didn’t think consumers would just keep borrowing more money to keep spending. Now he has to choose between insolvency and inflation.
>>58419713and guess who fucking wins no matter what ?
it's almost like our government is retarded and will keep spending like drunken sailors
>>58419713
When SVB and those other banks collapsed last year, Powell showed his hand and everyone found out that his hawkishness was a bluff. He was not willing to do what it takes. At the first sign of trouble he went straight back to QE. So everyone bought back into stocks knowing that the moneyprinter would be turned back on if things actually got bad
>>58420253And credibility is a central banks most important asset. When they lose credibility and a large chunk of the market stops responding to their actions, their objectives takes a lot longer to be reached. What could have been fixed in 2 years now might take 5 years instead
>>58419713It's shooting yourself in the foot with extra steps...>Look at your foot, is it still there? shoot it.>Look at your foot, is it bleeding from last time? shoot it again.>Don't look at your foot, hire a committee to examine the state of your foot, then have them shoot it.It's all so tiresome.
>>58420295Stop making me laugh anon, please
so pmg was right huh
>>58419727our government was literally started by retarded drunken sailors and that's a good thing
>>58419713another one bites the dust? kek
>>58419713i just wonder why americans have 71yo faggots run such posts in policy and economics, that's why yall inflation is literally growing as we speak. truflation indexes were right.
>>58419713i believe this picture is real and recent dont even wanna look it up or assume its aisomeone else lit themselves on fire
Almost like giving niggers and retards access to loans without understanding interest was a bad idea.
>>58419713Is this real?
>>58420266When we gave credibility to the federal reserve, they gave us an impression of money not approved by Congress, nor by the senators.And then approved for economic aid to Ukraine and IsraelTruflation is right, we can't keep following this path
why do people do this. why kill yourself in the most painful way possible....
yeah bro the peons are spending too much and far too irresponsibly
