Now it Should Get Interesting- The Fed has Finally Broken the Glass
We’ve been railing frequently about the misguided efforts by the Fed to rein in inflation. After priming the pump way too long with zero interest rates, they have finally had their come to Jesus moment and now are furiously raising interest rates. I believe this is very misguided, akin to economic criminal neglect if there were such a thing. Inflation is a complicated animal and certainly, some of the causes of this most current bout are based on things that the Fed has no control over. For example: 1. We’ve been importing deflation for decades due to offshoring manufacturing in … Read more