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Daniel Bradford
Bloomberg Television
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Comments by "Daniel Bradford" (@Falconlibrary) on "Summers: "Meaningful Chance" That Fed Might Hike Rates" video.
Eggs up 40% in the last two weeks
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Let's recap: Phase One: The Fed creates the biggest "all assets bubble" in history by keeping interest rates at virtually zero for FIFTEEN YEARS. Phase Two: The Fed tepidly tries to correct its "mistake" in a way that won't upset incumbent politicians, especially President Biden, by sparking a recession. Phase Three: The Fed manages to keep inflation going while killing economic growth, aka "stagflation" that will last the rest of this decade. In other words, we now have the worst of all possible worlds. golf clap Well done, amigos.
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