This is what happens when you create an ever more unequal society by squeezing low income families with inflation while goosing the asset prices of the top 10% who own 89% of stocks. t.co/0YC3XjJziZ
— Sven Henrich (@NorthmanTrader) October 20, 2021
The idea that the multitude of complex problems that cause inflation could be controlled by moving interest rates up and down is insane. How did we allow it to become the conventional approach? t.co/y5M255x01Z
— Max Jerneck (@MaxJerneck) October 20, 2021
New word for inflation watchers: "intransient"
You heard it hear first 🙂 pic.twitter.com/mqjItuWPe3
— Tom Orlik (@TomOrlik) October 20, 2021
On October 13, Wall Street On Parade broke the story that the Federal Reserve had quietly released the names of the mega banks that had grabbed tens of billions of dollars of repo loans under the Fed’s emergency repo loan operations that began on September 17, 2019 – months before there was a COVID-19 case in the U.S. or anywhere else in the world.
No government looking to massively expand its size in the economy and monetize a soaring deficit is going to act against rising prices, despite claiming the opposite.