Interesting bit of gossip I got from a friend of mine “connected” to the Fed: Jerome Powell has been told by business after the 600,000 billion in debt added in the first half of this year, they will be adding no more IN THE FUTURE. But the bigger picture explains why the Fed is so dovish. Its the end of debt expansion that ends the party.
It could be a lie, then the Powell Fed are a bunch of goons. If BBB debt raises much more into 2020, we will be heading toward mortgage bubble levels of mania.
Interesting bit of gossip I got from a friend of mine “connected” to the Fed: Jerome Powell has been told by business after the 600,000 billion in debt added in the first half of this year, they will be adding no more IN THE FUTURE. But the bigger picture explains why the Fed is so dovish. Its the end of debt expansion that ends the party.
It could be a lie, then the Powell Fed are a bunch of goons. If BBB debt raises much more into 2020, we will be heading toward mortgage bubble levels of mania.