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Patrick Lovell's avatar

Absolutely fantastic! Thank you.

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WOPJ's avatar

Glad to see you back! As usual, you hit the nail on the head. Truth to power is never easy or rewarding. But it’s doing the right thing. Why is a Fed rate at least equal to inflation not even on the table, when it was always a given before recent years? Why is net sales of $120 billion a month of treasuries and MBS not even on the table? That would be consistent with the net purchases of $120 billion per month on the way up to $9T. With inflation raging.

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