![You Still Owe The Fed $38.6 Trillion](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2021/12/MoneyHandsBubbleDec2021.png?fit=1152%2C685&ssl=1)
You Still Owe The Fed $38.6 Trillion
Let's start with a simple premise: The Fed now realizes that the massive windfall from the pandemic-era boom in property and stocks contributed to inflation.
Now let's take it one step further. Knowing it can't solve supply chain problems, drill for oil, produce natural gas, grow wheat or mediate a ceasefire in Ukraine, the Fed believes that taking back a portion of America's accumulated wealth gains since Q2 2020 is among the most expedient ways to cool price pressures.
Now, finally, let's as
H-Man, On Friday I made my annual pilgrimage to the hinterlands of Sebring to play golf with with my very old high school classmates from the 60’s. In recent years, the banter about the stock market was always a game of discussing how well the portfolio performed. On Friday, not only were there moans and groans at the post round watering hole but there was actual fear. As one classmate said “how long can this go on?”