When history is written, the Fed will go down as one of the most destructive enablers of fiscal malfeasance, inequality, greed, misallocation of capital, Bubbles, and reckless disregard of responsibility@ericrosengren @RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic pic.twitter.com/NrQ0NJuf24
— M/I_Investments (@MI_Investments) August 18, 2020
This is NOT good. This is yet – one more sign that @federalreserve is MISPRICING RISK… they are becoming the lender of first resort as risk premium is being distorted. Say goodbye to banking as you once knew it… @DiMartinoBooth @bondstrategist @RaoulGMI @scientificecon t.co/d7hyC9SMcJ
— Other Side Asset Management (@othersideam) August 18, 2020
At the heart of today's Fed – a Fed that seeks to micromanage & direct the economy to desire outcomes – is the notion that a handful of economists can predict how the US economy will respond to change. This ridiculous concept rests on economic models that are all wrong. pic.twitter.com/VMmtN4zvix
— Peter Schmidt (The 92ers) (@The92ers) August 18, 2020
Monopoly power lies behind deepening of inequality and financial instability, Fed Study Says t.co/oNUHEk9leJ
— Win Smart, CFA (@WinfieldSmart) August 18, 2020