Wednesday, July 14, 2021

And The Oscar Goes To…

 I’m willing to bet that when the dust settles the Oscar for worst performance in history as Fed Chairman will go to Mr. Jerome Powell.  One picture (snicker) tells the whole story…

 Consumer core inflation has just reached 4.5% year over year - the highest level in 30 years - while Fed Funds are stuck at 0.05% AND the Fed continues to pump some $120 billion in freshly printed dollars every month.

But, hey, it will all go away soon. Won’t it?

No comments:

Post a Comment