@Schuldensuehner | 289,168 followers
Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history marketwatch.com/story/whartons…

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Total of 18 replies and 4 quotes found
In reply to @Schuldensuehner
The mistake was made in 2021 by not hiking sooner. The Fed is now late, but they are not making a mistake by raising rates aggressively now. It’s worse of many evils, yes.
He’s absolutely correct

Unless they start bringing 50bps CUTS now the seeds are sown for the worst downturn since 1929

Tens of millions will starve, fintwit will cease existing and retail traders were cheering it on the whole time

One last hurrah left with $SPX to 5000+

In reply to @Schuldensuehner
He is correct. Everyone that works for the Fed needs to retire or be fired. They are stuck in the 70s and 80s with respect to how to curb inflation. The world is vastly different now.
In reply to @Schuldensuehner
We need to get back to 09’ levels
In reply to @Schuldensuehner
The meltdown was hilarious. Probably lost a big chunk of his money earned screwing over/taking credit for students' ideas and doing a whole lotta nothing
In reply to @Schuldensuehner
FED is completely under influence of politics !
In reply to @Schuldensuehner
If you plot interest rate versus unemployment rate over the last three years, they look to be justified on both. The most frequent criticism by other economists is that they waited too long. Fed rate is nearing nominal GDP growth in normal times once inflation comes down.
In reply to @Schuldensuehner
Macroeconomía Científica Global Ese graficos es la HISTORIA DEL NEOLIBERALISMO FINANCIERO!!! EL Sector Financiero FICTICIO se fue separando del de la ECONOMÍA REAL... Está tan separado que es IMPOSIBLE UNIRLOS DE NUEVO!!!!
In reply to @Schuldensuehner
INFLATION by definition = an increase in consumer prices McDonalds: Raising prices 59% profit increase Shell/Mobile/BP: Raising prices 60% profit increase CORPORATE PROFIT DRIVING INFLATION the FED scapegoats American consumer demand bloomberg.com/news/articles/…
In reply to @Schuldensuehner
When had they not made mistakes
In reply to @ColinCoxAZ
This is a campaign to run cover for corporate profiteering, while scapegoating American consumers and killing the labor movement twitter.com/Schuldensuehne…
Now when all those very same commodities and asset prices are going down, he says, ‘Stubborn inflation that requires the Fed to stay tight all the way through 2023.’
the central bank is making working- and middle-class Americans pay with what he expects a punishing recession.
In reply to @Schuldensuehner
Prof Jeremy needs the Fed to pivot and salvage what’s left of his retirement account just like the rest of us ;)
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