Considering globalization how can you really blame them on something they couldn't control, like China zero tolerance lock down policies?
Powell? He's taking credit now for "fighting inflation" that's for sure. Though the victory laps are still premature. The means by which he's doing it is coincidentally 180 to what he did in 2020 though...hmmm....uhhh....coughfart
In terms of inflation, there will be normal cycles on and off, we've had fairly depressed inflation, in relation to the monetary policies, I think it's fair to expect some correction. I think our average inflation over the last 5 years is still like 3.x%
Inflation is probably his fault. You can't hold hold interest rates to basically 0 for a long ass time and expect nothing to happen. Economist seem like NFL draft experts. A monkey flipping a coin will just do as well.
I think it was more transitory than people want to say. However, I think we are in for a decade of higher inflation than we had from Great Financial Crisis until Covid. These things usually occur in cycles
They did give out additional stimulus. There is clearly a strong argument we gave too much but the opposite would have left a lot unemployed which is a different and arguably a worse situation,
They also juiced the housing/stock market by doubling the amount of MBS and assets held from 4 Trillion to 8 Trillion and didn't let up well past vaccine roll out and lockdown rollbacks. There's talk of tightening and how it's impacting the economy, but it's like asking Joey Chestnut to eat responsibly by scarfing down 2 hotdogs instead of the 20 a day he "trained" for a couple of years. Their balance sheets will be wrecked (but doesn't count!) while digesting that and managing a higher rate policy to get to their target inflation rate.
how so? This is the Fed's balance sheet, as of 2021, how will it be wrecked? is it the assets, is it the Fed carrying too much assets or not enough liabilities is it the Fed incurring to much liabilities or not enough equity is the Fed's equity position too high or too low bluntly put, don't think you understand what "balance sheet will be wrecked" means. btw, it is "balance sheet", not "balance sheets" as a point of reference, the two banks that recently had been taken over, SVB and FRC, their respective balance sheet was wrecked. their respective asset base cratered from the tens of billion to close to zero, to the point of nearing negative equity. if you understand what you're cutting and pasting, you can describe the Fed's balance sheet in the same context.
$60 for an astros hat i have been looking for. Couldn't find a working promo code. Grin and bear it my brothers.
Balance sheets for the Fed. Q3 2022- https://www.federalreserve.gov/mone...ederal-Reserve-Balance-Sheet-Developments.htm Q1 2023- https://www.federalreserve.gov/mone...xdevelopmentsinthefederalreservesbal-105113b5 Instead of looking at 2021, maybe check for the latest, but that would've robbed you the quick opportunity for being an insufferable twat.
instead of side-stepping my question, answer it. how will the Fed’s balance sheet be wrecked? While It’s easy to make a convenient claim, backing it up with context / details requires an actual understanding
It’s $10 for a Mich Golden Light at Target Field. Being the hipster beer snob I pay $15 for a fancy locally brewed beer. That has less to do with inflation than with captive markets.
fwiw Tesla cuts US prices for sixth time this year EV prices, they are a-changin' with price cuts the new normal
