The COVID Meta-Fraud with Ed Dowd (WiM277)
The "What is Money?" Show
00:00
The Fed Is Not Omniscient
We've had this rally in financial assets since October because the Fed started signaling that they were going to pause. The effects of monetary raising and lowering are not felt until 12 to 24 months after they start doing it. People seem to think because the Fed's pausing, everything's going to be fine. By the Fed doing what they did, they've already screeched the economy to a halt. When they do, that's when the real damage comes.
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