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Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao
Forward Guidance
The Fed Is Always Going to Come Back, Right?
Since that application of c e a, the fed has totally gotten addicted to c ed. The expansion of th the balance sheet is a combination of c outright? C e plus amm t, right? I think it works in an era of sub two % inflation. But if you think, as i do, that this a structural commodity inflation which has been years in the making and exasperated by crazy e s g policies,. These supply driven structural deficits in opex commodities are not going away any time soon. And so if that is the case, a c e cannot fix this. It's basically left on the federal reserve to use the only blunt tool they have, which is monetary policy
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