there was no way to unwind this stuff without causing pain, no
way around it, but I think it has to be done, going back to QE
would be 10 times worse
The Fed should have started a year plus earlier when inflation
started when they were wearing that T-shirt I printed LOL giving us
that BS inflation is transitory. The Covid stimis the way they were
implemented should never have happened. The Fed should have not
allowed interest rates to be basically zero % for decade plus
etc
it would have been easier to unwind this stuff years ago, but
the bigger and longer the bubble is blown up, the harder and worse
things will be trying to unwind it
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there was no way to
Here's a couple graphs that should hit home
Posted by matt on 19th of Mar 2023 at 02:43 pm
there was no way to unwind this stuff without causing pain, no way around it, but I think it has to be done, going back to QE would be 10 times worse
The Fed should have started a year plus earlier when inflation started when they were wearing that T-shirt I printed LOL giving us that BS inflation is transitory. The Covid stimis the way they were implemented should never have happened. The Fed should have not allowed interest rates to be basically zero % for decade plus etc
it would have been easier to unwind this stuff years ago, but the bigger and longer the bubble is blown up, the harder and worse things will be trying to unwind it