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Deficit Spending Will Send S&P 500 To 6,000 And Beyond | George Robertson & Mel Mattison on the True Risk-Free Rate and The Fed's Control of The Treasury Market

Forward Guidance

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Monetary Policy and Market Dynamics in WWII and Beyond

This chapter examines the lack of independent monetary policy during World War II, as financial strategies were dictated by the Treasury and politicians rather than central bankers. It explores the current economic environment, focusing on the interplay between fiscal deficits, bond markets, and the Federal Reserve's influence on interest rates and nominal GDP expectations. The discussion critiques recent monetary policies and their effect on market behavior, raising questions about the accuracy of economic predictions and the future of traditional economic beliefs.

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