An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
This formula leaves out a very important component. This is why everyone got the rate hikes wrong. It led to record highs in stocks. (Financial assets.)
“ This is why everyone got the rate hikes wrong.”. Mike , How did they get it wrong ? We went down like 35% on NDX … so now it’s 4 years later and we’re up 28%. .. big deal… should be up over 40% …
We went down about that much during the tariff drama. So what? That's just emotion. This stupid formula is wrong. It's based on the theory of loanable funds.
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Where is the variable for gov't transfers?
This formula leaves out a very important component. This is why everyone got the rate hikes wrong. It led to record highs in stocks. (Financial assets.)
We went down 25%
Total cumulative S&P return since Dec 2021 before Biden/Powell started rate. increases is 28% in 4 years … ie a shit return
Trump wants rates at 1% if he can get a Fed head to do that we will go up then as much as we went down in 2022 …
“ This is why everyone got the rate hikes wrong.”. Mike , How did they get it wrong ? We went down like 35% on NDX … so now it’s 4 years later and we’re up 28%. .. big deal… should be up over 40% …
Set “new high!” today so what? We were already here February 20th … complete waste of 4 months.. haven't gone anywhere in 4 months … “pay with time”…
We went down about that much during the tariff drama. So what? That's just emotion. This stupid formula is wrong. It's based on the theory of loanable funds.
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