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Here’s The Real Problem With Judy Shelton’s Fed Nomination
Admittedly, I had to force myself to weigh in on Judy Shelton's appearance before the Senate Banking committee on Thursday.
It's not that I'm suddenly uninterested. In fact, it's the opposite.
Like so many stories involving the nexus between economics, finance and politics, by the time this exceedingly ridiculous tale finally reached its climax with Shelton showing up on Capitol Hill, I had already exhausted my creative capacity. I've lampooned Shelton's nomination to death.
Previously, this
Exactly. Just the latest in a long line (Graham, Rubio, Mnuchin, Mulvaney, etc.) of spineless, morally bankrupt D.C. insiders who have sold their sold to Trump.
How could I forget Bill Barr?!
Honestly it is a joke.
Remember when markets would act like vigilantes and try to curb bad behavior/decisions?
Markets are now enablers enabled by the CBs.
A bad road to be on that will lead to a cliff.
Remember when the pundits would discuss whether the Fed could engineer a ‘soft landing’ for an overheated market?
I don’t think the term ‘soft landing’ has been used in a decade. Higher, faster!