I think it was one of the heathens on ranchers that enlightened me to the David stockman newsletter - Mike or loo mix or some equal crazy. I wish stockman had more pull in the Reagan admin, but politics are a reality too. Stockman talks about trump targeting the fed for their actions that tyranize workers and subsidize investors. Perhaps there is a future in telling the truth.
Trump
"By keeping interest rates low, the Fed has created a “false stock market,” Donald Trump argued in a wide-ranging CNBC interview, exclaiming that Fed Chair Janet Yellen and central bank policymakers are very political, and should be “ashamed”of what they’re doing to the country…"
Das:
He’s completely correct. After all, they are crushing real wages with their 2% inflation targeting; destroying savers with NIRP and sub-zero rates; and burying unborn taxpayers in monumental debts that today’s politicians are pleased to issue with reckless abandon because the short-run carry cost is nil.
Trump
"By keeping interest rates low, the Fed has created a “false stock market,” Donald Trump argued in a wide-ranging CNBC interview, exclaiming that Fed Chair Janet Yellen and central bank policymakers are very political, and should be “ashamed”of what they’re doing to the country…"
Das:
He’s completely correct. After all, they are crushing real wages with their 2% inflation targeting; destroying savers with NIRP and sub-zero rates; and burying unborn taxpayers in monumental debts that today’s politicians are pleased to issue with reckless abandon because the short-run carry cost is nil.