Just can't put the hammer down.pic.twitter.com/aZZ7oVsNv3
"Unlimited government spending financed by unlimited Fed purchases has arrived faster than anyone could have forecast." #brent
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Fed move essentially “Desperation” .. unfortunately will not work, leaving U.S with massive losses stuffed in a bottom draw… Can’t move rates to the lower bound, then try to stem the damage caused by such a move, ex-post… unintended consequences have arrived.. Banks up next...
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Wouldn't this be MMT?
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The Clif is around the bend, I think we might finally be witnessing the death of this fiat money system, as my old friend use to say, give them long enough rope and they'll hang themselves!
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