copyright1997reloaded
Thinks s/he gets paid by the post
"Hindsight is always 20:20. I don't recall many of us demanding FED action a year ago."
Clearly that does not mean no one was.
While I didn't include any of the posts, I have tried to warn people who were all fixed because they "won the game" that declining market prices for securities weren't their only risk, and that they needed to pay attention to inflation (which was supposedly tame). Here we are. I've pretty much given up on trying to convince anyone of anything, even here in anonymous land.
I can only try to do the best to prepare myself for what is coming (which we are starting to see). The Fed can't fight inflation: We have rates near zero and even the thought of a 50 basis point rate hike (now 25) causes market disruption. Just think, what's the real interest rate if inflation is 7.5% and the federal funds rate is raised a whopping .25 %. Or even .5 %. And even today, they are still doing QE (easing). Not only are they behind the curve, they are no where in sight of the curve.
However, we might just get demand destruction the hard way - through sky high energy prices, possibly much higher food costs (due to supply disruption from Ukraine and MUCH higher fertilizer costs).
What worries me most is that our fearless leaders (and perhaps most of the population) still don't get it. Or maybe they do, and realize that there is no way to stop the train, so they may as well keep printing money.