Comments by "ricardo kowalski" (@ricardokowalski1579) on "Fed Chair Powell finally sent markets the right message, says Mohamed El-Erian" video.

  1. So all that free money they used as "pandemic assistance"? Well... this is the bill coming due. Inflation was created by QE money printing, and it can only be stopped with QT. They are only talking about the consequences, and never the causes. 5:00 "which market?" This is the only interesting thing in this talk. FINANCIAL MARKETS Currencies, bonds, debt are all quick to adjust, always come ahead because it is just paper. Banks get the money first from the FED BIG BUSINESS and stocks get PPP, tariffs, subsidies and tax breaks. As quickly as the banks can shell them out THE STREET Houses, cars, machinery, farmers, small business come next. Prices adjust up or down depending on how much liquidity spills onto the tangible economy. PERSONAL ECONOMY Wages are always the last in line for adjustments. Study the hyperinflations of LatAm in the 80s to see how this plays out.
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