Wednesday, March 15, 2023

Perfect Storm

 


Pilgrim, here is a formula for a financial crisis:


Effective zero interest rates + fire-hose government spending + large Fed injection of liquidity + high inflation rates + very fast interest rate hikes + Fed then drying up liquidity + many inexperienced bankers = financial crisis


Afterward: Did  Janet Yellen and the Fed not realize this was happening?

Found on Powerline blog



STAND UP TO PERFECT STORMS!


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