Another Post On Our Post-Modern Monetary Theory
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- Опубліковано 10 лип 2024
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Is the “Fed Put” back? Might the Fed’s assurances that interest rates will be brought down this year (as long as inflation behaves as expected) fuel irrational exuberance among investors? And what if interest rates really don’t need to come down, because the notion that they do rests on a faulty premise-the “long and variable lag” thesis? Our Post-Modern Monetary Theory suggests that monetary tightening doesn’t cause recessions because of a lagged demand-choking response of the economy. Tightening usually causes recessions when it triggers financial crises that turn into credit crunches that bring on recessions. That sequence of events is unlikely now that the Fed knows how to play Whac-A-Mole in the financial markets.
Thanks Ed - a must listen each week
If Max is bullish, there isn't much else anyone here needs to know:)
Is anyone else thinking the audio is kind of crappy? Ed needs a new mic I think. I want it to feel like I'm listening to NPR. His voice is so calming
Thank you
Hi from israel,we love u!
max raised his hand
3% inflation? Are you joking? The price of cars goes up 10% a year. The price of a pair of jeans has almost doubled in the last two years. The size of a package of frozen spinach keeps shrinking. etc, etc.....
I have a feeling it's you who might be trolling:) - best case scenario.
Max for sure is very confident the market is going higher. 😂
Black Monday 1987
On April fools day?
@@thedude579 the crash of 1987 was October 19th. It was no fun.
@@rosskennedy8356 I know I lost a lot.
@@thedude579 sorry to hear that. Happened to us all