Thursday, March 17, 2022

Engineering Recession?

And the world
The world turns around
And the world and the world
The world drags me down

--Cult

Yesterday's FOMC actions and data have emboldened theories that the Fed is trying to engineer a 'soft recession' that would cause prices to decline through 'demand destruction.' As opposed to addressing the primary cause of higher prices--which is money printing.

If this is indeed the Fed's intent, then it is even less brains than previously assumed.

And that's saying something.

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