— conspiracybot (@conspiracyb0t) August 26, 2021
#recession … #Fed Pushing on a String edition t.co/MSHGzsY6E3
— Invariant Perspective (@InvariantPersp1) August 26, 2021
Maybe the reason money velocity continues to crater & doesn't make its way into the real economy is because all the wealth gets sucked up by the few who hold it in the very assets continually goosed up by the Fed.
Which could mean the Fed is actually wrecking the economy. pic.twitter.com/BjgWl48LFg— Sven Henrich (@NorthmanTrader) August 26, 2021
Which fits with the Harvard Study conclusion: "the U.S. and lower-income families are becoming more indebted, rich people have more money tied up in debt funds, and less money goes toward fostering innovation and prosperity."t.co/SbtRqAzIQY
— Sven Henrich (@NorthmanTrader) August 26, 2021
High Inflation Could Be Stickier Than Anticipated
U.S. inflation showed some cooling off in July after posting large gains in prior months. Consumer prices rose at their slowest monthly pace since February, providing some relief to those in the “transitory” camp, who hold that this bout of inflation isn’t a long-term phenomenon.