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“Soft Landing” Very Unlikely As Global Inflation Crisis Rages On | Darius Dale & Juliette Declercq
Forward Guidance
The Fed's Zero Taker Fee Option Campaign
The Fed might be able to engineer something that doesn't look too much like an abyss. But I'm worried about what's happening in Europe where the recession is clearly already in the cards. Inflation is, you know, near 10%, mostly supply driven. And the ECB is also trying to basically avoid sovereign spreads exploding with absolutely zero tool in its hand. The end of free money, we always knew that MMT would basically like hit a wall when there is inflation. We are going to be having to deal with with the cycle without the fiscal help and with their little countercyclical tools in hand.
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