Powell’s inflation blame game continues. He insists on blaming consumers for inflation worries, but let’s be real – it’s the central banks, including the Fed, that are the real culprits.
Powell wants us to believe keeping rates higher will curb inflation expectations. But guess what? Consumers are already expecting double the Fed’s 2% target! The Fed’s lost control of expectations, and reality check – inflation will likely be even higher than consumers think!
Listening to Powell’s panel discussion, it’s clear consumers are feeling the heat. Consumer sentiment dropped unexpectedly, and inflation expectations shot up to 4.4%. Powell, we’re way past the point of “vigilance” – your policies are driving the inflation train!
And let’s talk about the global impact. Kyle Bass nailed it on CNBC – the U.S. exporting inflation is impoverishing the poor worldwide. Our trade deficits and low-interest rates are to blame. We print money, flood the market, and steal goods from foreign consumers. I...
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