I get the Yellen theory is a fun angle, but what has she really done that wasn't generally prudent? Run the TGA to zero when she had no other option? Shift to the front end of the curve while the long end was blowing out?
I'm also not sure why a Fed headed by a registered Republican and Trump apointee is dying to goose the economy in an election year.
Also the general idea that the Fed or government writ large can orchestrate their intended nuanced outcome is well....a bit unproven historically.
One of your best Shrub. You did give away your age with that tamaguchi but fck it was worth the laugh ๐
Simple framework describing the "game" as it *is*, instead of as we would want it to be.
This should be required reading for High School students.
They must understand The Ponzi they are about to enter.
Sir Shrub's predictions are humorous and really fun, thank you for always teaching us wonderful things in a fun way.
Keeping this article free is pleb-deflation
Tamagotchi shows u n I are similar age group lol
This is hilarious. Great laugh
Shrubtastic!.
My only quibble is the โpleb flationโ threshold should be 4.444% (not 4%) for narrative consistency.
what a wonderful read and way to start the day, thank you shrub!
I get the Yellen theory is a fun angle, but what has she really done that wasn't generally prudent? Run the TGA to zero when she had no other option? Shift to the front end of the curve while the long end was blowing out?
I'm also not sure why a Fed headed by a registered Republican and Trump apointee is dying to goose the economy in an election year.
Also the general idea that the Fed or government writ large can orchestrate their intended nuanced outcome is well....a bit unproven historically.
There are Trump republicans and there are Mitt Romney republicans. What is Powell? If its the latter.......
Labels as R and D is too simplistic. I am sure Powell has strong opinions on both candidates having served under both irrelevant to the policies.
Wonderful
Interesting framework, creates a lot of possible jumping off points. (And I don't mean jumping off buildings...)
I am glad you are sure that the Great Goddess Yellen is playing this as an election year. If she doesn't, Biden is sunk. And so are the rest of us.
Love your out of the planter thinking shrub! A laugh and some learning for the morning, thanks!
So good!
Great piece Shrub.