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Gas On The Fire: Models Say The Darndest Things
The standard line at the Fed, and certainly within the Trump administration, says monetary policy in
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No cruelty felt here – r* analysis may be painful or just boring for some, but the article overall a useful perspective in a quick read…to kick off the week and season of autumn. Happy Equinox!
Thanks for the reminder. It’s my tradition every autumnal equinox to listen to a bit of Simon & Garfunkle.
…hello darkness my old friend…
I wonder how easy financial conditions will be after trump has control of the Fed and orders the Fed to exercise its emergency authority under Federal Reserve Act Sec. 13 (3)? Trump learned b/n term 1 and term 2 quickly to exercise his authority wherever there’s legal discretion for him to declare “emergencies.” No doubt he knows about the Fed’s authority to buy prop up private and public markets during “emergencies”; so he’ll declare one just for fun.
Equity investors love nothing more than gas on flames.
But if the wealth effect is caused by an overpriced market ?