Loading ...Since inflation is already rolling….adding all this additional cash to the economy on top of parts and commodity shortages and you’ve got the conditions for an inflation that even the dufus in the Eccles building cannot ignore. He’ll have to hit the brakes hard or go down in history as the dunce that lost it. Running around fighting deflation while inflation kicks him in the nuts. Just the opposite of 1929. With inflation embedded the danger becomes that central banks drop the dollar as a reserve (with our 800 billion deficit in the current account opening the door) and the dollar takes a dive in spite of higher rates. Inflation goes wild and fed rams a 3% increase in within a day. Causing the 29 scenario.
Bottom line….avoid all this and rise the rates to inflation level…soon. Unfortunately our fed chair is a political man….and not a patriot. Right now the 82nd airborne will defend him and his type….if the inflation gets out of control….see Germany 1932
.A ZH READER=.if the inflation gets out of control….see Germany 1932
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