You may have heard that the United Nations (U.N.) is urging the Federal Reserve and other central banks to stop raising interest rates. That’s how The Wall Street Journal reported the release of a new report yesterday.
Not exactly.
It’s not the position of the United Nations (general assembly) but the view of an agency within the United Nations known as the United Nations Conference on Trade and Development (UNCTAD). Here’s the report UNCTAD released yesterday....
The Lens
UNCTAD Warns of Too Much Tightening
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
4 comments:
I don't care if the Fed tightens because that's just going to add to fiscal support. However, I would love to see these dollar zombie countries (UNCTAD) get destroyed. This is what they deserve. They're like heroin junkies addicted to USD.
Biden/Summers increasingly being isolated with their rate increase jihad they are on….
Tom had a bout of TDS a couple weeks ago and posted up a left wing article on trumps DB loan terms that Dems subpoenaed under their phony investigation…
Saud that trumps loans he guaranteed required trump to maintain a minimum net worth or face a deficiency…
So Biden could be increasing the rate to reduce trumps NPV and force a deficiency in effect a margin call on trumps loans..,
Hillary’s money man Gensler at SEC also pigeonholing trumps social media SPAC merger which would net trump a few $billion too and would negate the interest rate effect on trumps NPV…
Could be a lot more to this…
...rate increase jihad...
Saud that trumps loans...
Like the House of Saud? Is that a Freudian slip?
In psychoanalysis, a Freudian slip, also called parapraxis, is an error in speech, memory, or physical action that occurs due to the interference of an unconscious subdued wish or internal train of thought.
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