I always compare the Fed with the old Soviet Union's various bureaus. Just like the Fed, stacked with supposedly smart people but still totally impossible to determine money supply, interest rates, etc. for a very complex economy. Still, they pretend and everyone pretends the Emperor's clothing look just fine. Of course, Trump, being in real estate, would ignite inflation off the spreadsheet if his super-low interest rates ever happen. Central banks just cause financial bubbles in the various sectors through their mismanagement.
You man....... First of all, thank you dearly for these wonderful insights,
Second, YOU ARE A GENIUS BRUH......🥳😉😎😎😎😎
I always compare the Fed with the old Soviet Union's various bureaus. Just like the Fed, stacked with supposedly smart people but still totally impossible to determine money supply, interest rates, etc. for a very complex economy. Still, they pretend and everyone pretends the Emperor's clothing look just fine. Of course, Trump, being in real estate, would ignite inflation off the spreadsheet if his super-low interest rates ever happen. Central banks just cause financial bubbles in the various sectors through their mismanagement.