Biden/Summers rate increase jihad is causing them to become increasingly isolated from:
The academe:
Greg Mankiw endorses Paul Krugman’s view that the Fed might be tightening policy too aggressively https://t.co/Cl4VFonPLd pic.twitter.com/tcEXqVdLf4
— Nick Timiraos (@NickTimiraos) October 1, 2022
International community:
This is real. Not the Onion.
— Stephen Geiger (@Stephen_Geiger) October 3, 2022
The U.N. is asking the Fed and other central banks to stop tightening.
Noone had an issue on the way up. (Even though the outcome was obvious)
https://t.co/fAtHMMS1gm
Wall Street:
Correction: The Fed is going to cause 'unbelievable calamities' if they keep hiking, according to Barry Sternlicht https://t.co/rQL77wKxwS
— CNBC (@CNBC) October 4, 2022
And perhaps voters we’ll see on November 8th…
6 comments:
Keep on hiking, until voters tell you to take a hike.
Can appear they are ready to sacrifice the future of the Democrat party in a defense of monetarism…
It’s really Summers… Biden scrambled eggs… but he’s listen8ng to “his friend” Summers (both misogynist pricks) rather than his own Yellen and Powell…
Hard to understand…
Both parties serve their big donors.
This obsession with who is 'in power' is just theater for the unwashed masses.
Futures That Work - John Michael Greer
https://www.ecosophia.net/futures-that-work/
Sterlicht is a real estate guy who likes to borrow cheap. F*ck him.
He’s probably in a similar situation to Trump…
Fed rate increases reducing the NPV of much of their assets…. May trigger liquidations…
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