A stroll through recent and not so recent inflationary history. On ‘Fed minutes Wednesday’ the media amplified the noise, the machines are doing what the machines do and running with it, and it’s all eyes on the great and powerful Fed (of Oz).
The Fed created the cyclical inflation (in NFTRH we detailed and managed the process successfully in real-time) and thus the Fed created the cycle. In 2021 the Fed was exposed to the public as the agent of inflation it actually is, and when the inflation threatened to get out of hand they went into damage control mode. Now the Fed is trying to cool the inflation, which means cooling the cycle itself. You can’t have your inflated cake and eat it too. Not when the racket is exposed to the public.
Okay now, that second to last line triggered a memory and sent me to YouTube. Now I have distracted myself with a good laugh.
Moe: “Now look what you did; you deflated it!”
Larry: “Hey, we better blow it up again!”
Moe: “Give it the gas. Larry: “Gas on”. Moe: “Gas on”…. “Gas off!”. Larry: “Gas off”. Moe: “That oughtta be enough…”
Man blows out the candles and BOOM!!!! Classic, and so appropriate. Continue reading "A Cynical Fed Is A Dangerous Fed"