No offence but give me a break. I'm from back in the day when a stimulating Fed had a fed funds rate of 3.00%. Because of what they have done it has created the biggest bubble ever and inflation, its not a good thing!!
You are right as usual. The entire mess is at the feet of FED but also at the feet of politicians who keep raising debt limits to spend on NON-PRODUCTIVE venues. FED thinks they can repeal the laws of economic cycles.
They try to repeal recessions by printing money. All that does is create unnecessary inflation. A recession is a good thing,because it gets rid of inefficient entities. It is like pruning dead wood, which paves path for vigorous growth.
So...inflation is now at 7% but FED wants you to buy Treasuries yielding 1%. What's with that?
In summary, only thing FED has accomplished is more violent cycles of boom and bust.
Edited by pdx5, 11 December 2021 - 11:29 AM.
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