Have these people all lost their fucking minds? DB is out with a note today, suggesting the Fed might need to really jack rates up in order to slow down this runaway economy and to avoid inflation. Really?
“While the Fed wants to tighten financial conditions sufficiently to avoid an overheating economy, they also would like to be able to maneuver the fed funds rate as far away from the zero lower bound as possible,” argued Hooper. “Doing so will provide them with ammunition to combat future downturns using traditional monetary policy tools, and allow them to cleanly exit from the extraordinary policies that have dominated the post-crisis policy landscape.”
So, aside from trying to control this beast in a box economy, this fucking moron of an analyst thinks the Fed should move as “far away from zero” as possible, in order to have “ammunition” against a truly fucked up economy.
In other words, hike now to lower later, because shit might get fucked up in a jiffy.
What in the fuck are these pole smokers on?
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I think they are smoking datura stramonium.
This is the bank that lost 6 billion euros in Q3 and has 8 sell ratings. Talking their book.
flooding the world with dollars has done wonders for the real economy, commodities, etc.. we should stick with zirp until we all disappear up our own assholes. /s
I love that they used the term traditional monetary police tools. Can’t wait for the “non” traditional tools when the FED is still at 0 for the next recession
Bathsalts are being consumed by the FED at an alarming rate.
This idiot should be sent to Buchenwald.