Thanks @federalreserve @neelkashkari
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Powell’s fulfilling his mandate though
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His mandate is a healthy economy. Something he can never achieve with a myopic focus on supply.
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Only 1 in 5...
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So Fed goes to 1% Fed Funds in response to the tech bubble bursting, and coincidentally zombies start rising around that time.
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Definition: Zombie companies are indebted businesses that, while generating cash and after covering all other costs, only have funds to service the interest on their loans, but not the principal.
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This will show why CLO’s will be the next monster!
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Or the next
#EFT
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