Jimbo Posted July 27, 2022 Report Share Posted July 27, 2022 CREATING TSUNAMI SEAS Central banks used to be rather benign things... Sort of like a kindly uncle...printing there 2% every year.... Nice safe and predictable...... But then they developed a god complex. They wanted to save debtors (and by extension creditors) from themselves. No one was to suffer any more....the result.....out of control moral hazzard and leverage gone wild..... The result.....treacherous waves of sudden printing. The result...destruction of bond markets. The creation of tsunami seas for asset prices and investors. Inflation will fall so long as the fed does'nt pivot. A rather big if. Of course they will have to eventually to fund the defecit. Link to comment Share on other sites More sharing options...
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