I’m so disappointed in all of these central bankers such as Powell, who apparently does not do his own grocery shopping. If he had bought a loaf of bread three months ago and then bought one last week it would be immediately apparent - duh! - that prices continue to rise.
So I wonder to what extent these finance pros are taking seriously, and factoring into their decisions, possibilities such as deflation contagion from China, bank liquidity problems from the continued decline of commercial real estate, and the other looming economic problems you have warned about. Peter, do you see anything in their press releases that lead you to believe they are considering such problems in their decisions, or are they hopelessly clueless?
Peter, my iPad is dying, won’t charge - I’ll return in a few days....
I’m so disappointed in all of these central bankers such as Powell, who apparently does not do his own grocery shopping. If he had bought a loaf of bread three months ago and then bought one last week it would be immediately apparent - duh! - that prices continue to rise.
So I wonder to what extent these finance pros are taking seriously, and factoring into their decisions, possibilities such as deflation contagion from China, bank liquidity problems from the continued decline of commercial real estate, and the other looming economic problems you have warned about. Peter, do you see anything in their press releases that lead you to believe they are considering such problems in their decisions, or are they hopelessly clueless?