The Dam Is Finally Cracking: Creating “money” out of thin air and spreading it around to satisfy every constituency doesn’t increase productivity. It destroys productivity by incentivizing waste – the waste is growth Landfill Economy – and speculative bets on bubbles never popping.

The central bank problem will be impossible to solvehttps://t.co/3vbInmOcCl pic.twitter.com/0c4DW5nZVp

— Patrick Artus (@PatrickArtus) April 21, 2022

https://twitter.com/FinanceLancelot/status/1517246146086854656

3% 5s pic.twitter.com/PYM5roCN45

— Ed Bradford (@Fullcarry) April 21, 2022

Exactly and bond term premia could have a lot further to fall if #Fed manages to strip $2tr from b/s https://t.co/rWONdqZBbM

— CrossBorder Capital (@crossbordercap) April 21, 2022

… and NY Fed and Michigan surveys all bleak https://t.co/7kGMR4vvgp

— CrossBorder Capital (@crossbordercap) April 21, 2022

The Biden Inflation Scorecard! House Price Growth UP 69%, Food UP 58%, Gasoline UP 72%, Diesel Fuel UP 154%, Fed Bal Sheet UP 21% (Mortgage Rates UP 83.3%) https://t.co/ZlWAARJCrS via @AnthonyBSanders

— YPORTBILL (@yportbill) April 21, 2022

The Dam Is Finally Cracking

Creating “money” out of thin air and spreading it around to satisfy every constituency doesn’t increase productivity. It destroys productivity by incentivizing waste – the waste is growth Landfill Economy – and speculative bets on bubbles never popping.