I said it before. I’ll say it again: QE started as a discretionary economic policy but has become a deficit financing necessity.

Most MMTers are accountants with limited knowledge of basic economics.

Two leading cardiologists have concluded that the death of legendary Australian cricketer Shane Warne was likely precipitated by the Covid mRNA vaccine that he took nine months before his sudden cardiac death. dailysceptic.org/2023/06/20/exc…

🙄🙄🙄🙄

It would be pretty funny if everyone piled into T-bills and they all defaulted.

Looking over your shoulder to see the current pension funding shortfalls of $6.5Trillon of which $4.5 Trillion is at the state / local level. (New York Teachers is on the list). Unfunded liabilities approximately $13Trillon. Who will retire?

So financial stability before inflation?

Slightly restrictive isn't enough to stop inflation

As the bubble unwinds, don't blame the Fed for raising rates amid high inflation. Blame a decade of deranged zero-rate policy that encouraged massive deficits (on both revenue and spending fronts), and long-duration, yield-seeking speculation by banks, pensions, and investors.

The next round of QE will blow your mind.

The basic assumption that demand destruction will occur to bring down inflation may be brought down by the wage inflation spiral. Watch wages

Not if wages rise with inflation

The last time the 2 year yield hit 4% was on October 17, 2007.
US debt was $9 trillion in Q4 2007.
US debt now stands at $30.5 trillion as of Q2.

61% debt to GDP in 2007 vs 122% debt to GDP now.

BREAKING NEWS

GERMANY IS CONSIDERING NATIONALIZING THE COUNTRY’S BIGGEST GAS IMPORTER TO PREVENT A COLLAPSE OF THE ENERGY SYSTEM

It ain't genuine QT until they sell their bonds. PS they're still buying.

Not really. It won't be kicked down the road because of double digit inflation. Remember Weimar?

Are you aware that the rent component of the CPI lags real world by 16%? Or that talking about a correction in commodity prices as permanent and extrapolating a drop into the future is unrealistic? Forgot about lagged effects much?

I am confused. How is Owner Equivalent Rent at 6% annualised when Zillow All-Rent Index is up almost 12% yoy?

Every US company saw the jobs report today and licked their chops. Carte blanche to raise prices as much as they like. This is what an embedded wage/price spiral looks like, and it’s why the Fed must engineer a horrible recession to wring it out.

Or they won’t, which is worse.

China tells U.S. it can't 'treat other countries like George Floyd' and 'bully and strangle them at will'