The US Federal Reserve has jumped the gun. It has mishandled its exit strategy from quantitative easing, triggering a global bond rout that it did not anticipate, and is struggling to control.
It has set off an emerging market shock and risks "blowback" from a fresh spasm of the eurozone debt crisis, and it is letting all this happen at the same time, before the US economy is safely out of the woods.
It has violated its own counter-deflation strategy, tightening monetary policy even though core PCE inflation has fallen to the lowest levels in living memory and below levels deemed dangerous enough in the past to warrant a blast of emergency stimulus. It is doing so even though the revival of bank lending has faded.
Do you think the dovish members of the fed...bernanke included might just be tired of the idiots calling for tightening and are looking to give them what they are asking for....in other words have them choke on their own medicine? Maybe when the economy craters they will realize the foolishness of their solutions.
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
doodle wrote:
Do you think the dovish members of the fed...bernanke included might just be tired of the idiots calling for tightening and are looking to give them what they are asking for....in other words have them choke on their own medicine? Maybe when the economy craters they will realize the foolishness of their solutions.
I think he would have to be almost inhuman not to have fantasized about something like that. But I don't think he is that cold.
Trumpism is not a philosophy or a movement. It's a cult.
doodle wrote:
Do you think the dovish members of the fed...bernanke included might just be tired of the idiots calling for tightening and are looking to give them what they are asking for....in other words have them choke on their own medicine? Maybe when the economy craters they will realize the foolishness of their solutions.
do you think his desire to embarrass those he has a policy disagreement with is greater than his concern about his legacy?
doodle wrote:
Do you think the dovish members of the fed...bernanke included might just be tired of the idiots calling for tightening and are looking to give them what they are asking for....in other words have them choke on their own medicine? Maybe when the economy craters they will realize the foolishness of their solutions.
do you think his desire to embarrass those he has a policy disagreement with is greater than his concern about his legacy?
It could be an "i told you so!" type moment...
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
