All the years before QE and the ones since. 🤔 Socialism for the rich. Courtesy of the FED@EricRosengren @RobSKaplan @RaphaelBostic @marydalyecon @neelkashkari @DiMartinoBooth @nomiprins @steveliesman @NickTimiraos @michaelsantoli @michaelsderby @Claudia_Sahm @RalphNader pic.twitter.com/Xg5ySMgkBE
— M/I_Investments (@MI_Investments) August 9, 2020
Financial assets vs #GDP…
ht @ISABELNET_SA pic.twitter.com/UjSzwwwxDi— jeroen blokland (@jsblokland) August 9, 2020
Desperation At The Fed Prompts Unsound Thinking
The Federal Reserve (Fed) is considering a radical move. It would set interest rate/yield targets for treasury securities at several maturities, effectively dictating returns along the entire treasury yield curve.
Prior path to retirement (save enough to live off interest income) is now gone for much of the world 🌏
To save more means to spend less = melting GDP, spiraling debts, w/ asset bubbles on top. This is Fin'l Stability?🤔🤦♂️@EricRosengren @RobSKaplan @marydalyecon @neelkashkari https://t.co/rk9y1fOT6a
— M/I_Investments (@MI_Investments) August 9, 2020
ICYMI “Investment chief referenced Bloomberg study that compares capitalization of S&P 500 growth vs value index. ‘If you look at that, we're 4 standard deviations extreme…last time we were this extreme was 1999, you were 2 standard deviations extreme’” https://t.co/suLHgyhNKo
— Danielle DiMartino Booth (@DiMartinoBooth) August 9, 2020
End of Sodom USA: Russia and China dumping use of the US dollar