on the one hand, the nimble / diverse one, under the leadership of Joe Biden and Jerome Powell, able to oversome the incompetence / stupidity of Trump's ill-conceived / ineffective trade war creating many global supply chain bottle necks, driving up the cost of good the Pandemic shutdown Russia's invasion of Ukraine, driving up the prices of food while Biden's fiscal stimuli have helped, he deserves more credit for letting the Fed Chair do his job to contain inflation. it'd appear that Biden fiscal stimuli / Powell's adroit tinkering of the money supply have led to a soft landing. on the other hand, you have the Russian economy, a state-controlled one that has been heavily reliant on its oil exports. Russia’s Economy Is Starting to Come Undone
One has a bakers dozen of international sanctions and is an international pariah, while the other can print money out with seeming impunity and sell AAA rated bonds to foreign investors to finance a half trillion+ annual interest payment and a ballooning budget deficit. Let the good times roll!
that is in the economic toolbox available to advanced / nimble economies such as the US. If only the Russian economy, as well as many others, has that capability. But, since Sept 2031, the Fed has done the opposite—raising the discount rate / selling marketable securities—to contract the money supply in circulation. In fact, you had been cutting n pasting convenient criticism of the Fed, accusing it of “wreaking the balance sheet”, without understanding the Fed’s charter. Although, in Jun, the Fed had paused w the rate hike, it continued to sell marketable securities. Why have you stopped cutting n pasting the “the Fed wreaking the balance sheet” rhetoric???
You can make ridiculously skewed comparisons to prove a point, but you're not convincing anyone with half a brain. I mean the only reason to make it is to cover up predictions that Russia's economy would be devastated a year earlier when those sanctions were announced. I don't think Putin's slush fund will run out before Ukrainian forces loses the war of attrition, that's the most crucial part in all this. At least start with Europe's downward decent to gloat and fluff up your boy Powell, though the "toolbox" you describe ultimately exported some of our inflation to them, and they're not too keen on the inflation reduction act stealing away available production capital onto American shores. Beggar thy neighbor or good ol competition? Who cares... Sucks for them!
Holy transitory Batman! It would be nice to see a smaller national deficit to GDP by 2031, and a retirement of QE/policies QT that skews asset prices (everything because derivatives) into bubbles in that timeframe. I'd rather be wrong, but if I'm not, you're definitely not someone I'd think about when it happens
side-stepping the question, why have you stopped cutting n pasting the convenient rhetoric of Powell wreaking the balance sheet, when the Fed continues to sell marketable securities off its books? previously, when Powell was implementing QE, you cut n past the convenient claim that he was printing $ out of thin air and raising the discount rates, and selling marketable securities, you cut n paste the convenient claim that he was wreaking the balance sheet , ROFLMAO
Oh noes, someone triggered into more fat fingering... Weimar's economy was transitory! The whole transitory debate has been an awful Seinfeld ChatGPT mashup...
you understand that the national debt and/ or budget deficit are outside the charter of the Fed, no? judging from what you had posted, one can infer that you're all mixed up / confused w fiscal and monetary policies; the sources, from which you had cut n pasted, seem to think that they're the same, which they're not. dispense w the cut n paste job. in your own words what is what objection w QE / QT? in lieu of QE / QT, what are your solutions to fight inflationary / recessionary pressures simultaneously??
that was before the Russian invasion of Ukraine. and if you had understand the the economic consequences of the invasion, you'd understand Powell's proactive policy moves---tightening the money supply---once the Russian invasion had started. but instead you cut n pasted the convenient spin that Powell was wrecking the balance sheet, , ROFLMAO
