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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "U.S. Economy Burdened by Overtight Monetary Policy: Mizuho’s Chatwell" video.
Real inflation on necessities for the middle and lower classes is probably running around 5% to 8%. The Federal Reserve is providing hundreds of billions of dollars in the repo market and buying treasury bonds to keep interest rates lower causing unaccounted inflation. Lower rates hurt savers and bond holders, while providing more liquidity to speculators and corporations to buy back their stocks with borrowed money, which puts corporations in a precarious situation in any economic downturn. Rates are already too low for too long.
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