by Chris Black
Today was a bloody day for both stonks and crypto, especially for the latter, as BTC hit $42.5k before bouncing back a bit, after it was revealed that the FED claims to be interested in a “fast” rate-hike this year, whatever that means.
BREAKING: Fed officials said a growing economy and higher inflation could lead to earlier and faster rate hikes, according to the minutes of the December meeting t.co/gB6Xk4PZJF
— Bloomberg (@business) January 5, 2022
Yeah the Fed will never make it even close to 1%.
The debt is just too large globally. I don’t expect to see any meaningful interest rate hikes in my lifetime. The Fed is trapped with no way out of a permanent low, low, low interest rate environment regardless of what inflation does.
The Fed used to have a mandate – keep inflation under control (i.e. 20% interest rates in early 80s). The Fed’s mandate is no longer inflation but keeping the stock market elevated even if inflation is running rampant. This new mandate has been evident since 2008 – everything will be sacrificed before the markets are allowed to drop.
How about the FED quietly bailing out banks in 2019 to the tune of $4.5 trillion?
Why is no one publishing this story, as the FED just released the names of these banks days ago??
JP Morgan Chase, Citigroup, Goldman Sachs.