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| Economy |
| Everyone Is Just Pretending Nothing's Wrong |
| 2023-03-29 |
| [QTR] Even if the stock market holds up, something is going to have to break in a big way. This is about the simplest way I can try and explain how I feel about the state of the economy and markets, delivered to you honestly and devoid of detail, as someone who truly neither has the patience nor the attention span to dive into the intricacies of the Eurodollar system or the path printed money takes during QE or QT. The fact is that I just don’t care about how the bowels of the system works. I don’t need to care. All I need to know is that money creation as a method of "solving" recessions can’t continue in perpetuity: the dollar amounts necessary for bailouts become astronomical, too quickly, and inflation becomes a pressing issue. Then, as we are now, Central Bankers get stuck between an "inflation vs. recession" rock and hard place. It’s a flawed system that once exploited a loophole (money printing) to slap band-aids on problems. We then thought we could do it in perpetuity to keep ourselves and voters consistently comfortable by presenting the illusion that everything had done "back to normal" - and now we’re finally going to have to deal with very uncomfortable consequences of our actions. How’s that for a book report from someone who didn’t actually read the book? And I didn’t even need to mention "swaps" or "interest rate futures" to fake sounding smart. |
| Posted by:Besoeker |
| #2 "can’t continue in perpetuity" Don't they say that is what WWIII will be for. |
| Posted by: mossomo 2023-03-29 12:50 |
| #1 Daines: SF Fed Said ‘Financial Risks from Climate Change’ Were ‘Top of Mind’ Issue as Fed Hiked Rates Months Before SVB Collapse |
| Posted by: Skidmark 2023-03-29 08:57 |