2min chapter

Stansberry Investor Hour cover image

'Don't Try Too Hard'

Stansberry Investor Hour

CHAPTER

I Don't Want to Be the Guy That Hated Volker

I don't think Powell wants to do that if he doesn't have to. I for one will never lionize that guy. He, you know, just pushed inflation way, way into double digit territory or I'm sorry, pushing interest rates way into doubledigit territory. That was not a fun time to be in the financial markets. The effects of that were felt for years and years,. You know, of both sides of that, the inflation that preceded it and the brutal recession that followed. So I don't know. These folks think that they can tweak and manage and control at $24 trillion economy from the top down and they can't.

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