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Once A Caver, Always A Caver?

"Funny how things change when Powell is staring down the barrel of a stock market decline that seemed to be spiraling out of control."

"Funny how things change when Powell is staring down the barrel of a stock market decline that seemed to be spiraling out of control."
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3 comments on “Once A Caver, Always A Caver?

  1. Sad. Thanks in part to the Bernanke/Yellen Fed, there are huge imbalances in the U.S. economy that are contributing to growing inequality in the country and the ugly turn to xenophobic, blood-and-soil nationalism/fascism. Someone needs to figure out how to loosen Wall Street’s death grip on the economy — before the whole thing follows Stephen Miller to hell in a handbasket.

  2. I cannot for a moment fathom it is #1. I get the impression Powell will be unwilling to slow the taper even at gunpoint. I feel like this will be one more shock to the markets in March when QT stays the course, Brexit go no plan and the 25% China Tariffs hit. QT may end after that but it would be too late I think.

  3. So long as the Fed continues advertising that its multiple-QE and ZIRP policies healed an economy in distress, then any return to them will mean distress in the economy has returned even after the trillion-dollar TCJA, the dismantling of ACA, tariffs on Chinese goods, etc…all of which were supposed to be fiscal rocket fuel for an already screaming-missile of a re-energized economy that the Fed said it needed to start pinching the brake rotor to control responsibly.

    Thank God there are no Federal Reserve employees piloting passenger jets. Can you imagine having to listen incessantly to the captain telling you over the speaker that everything is fine and will be fine it’s all under control while black smoke (i.e., yield curves) keeps filling up the cabin after being evacuated over and over and over?

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