Quote:
Originally Posted by
Pooh
Anyone ever think the FED actually wants the market to go down? Wealth effect. Too much money chasing too few goods. No bueno. Think about it. 20% haircut means a heck of a lot of people don't feel quite as rich.
I have a very pressing schedule, Pooh. Nevertheless, I am going to try to devote some energy toward getting you enrolled in my re-education camp under a full scholarship. We look out for our soon to be needy students.
All the Fed want to do is tame inflation. Which is to say, they want to fight the natural order of market cycles. (You don’t have to concern yourself with that.)
Inflation is all you need to retain.
Inflation isn’t Biden. It isn’t mumbles on disability and not driving his truck (supply chain). It’s simply too much money (monetary expansion)
Let’s give you something fun that won’t require any effort.
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Nina Strohminger
Professor of Legal Studies & Business Ethics at Wharton