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The Energy Trade Has Gone Too Far | Jared Dillian

Forward Guidance

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The Fed's Mistake in Hiring Rates

If you read my newsletter in 2020, probably at the end of 2020, I said the Fed should hike rates. And I think they should have been done hiking by the end of 2021. They are burning money in order to decrease the price level of assets instead of a wealth effect. For folks who object to my terms of printing money instead of bank reserves, well, you know, it's just a man of semantics.

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