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The Fed Is Not In Control Of The Eurodollar System | Hugh Hendry

Forward Guidance

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Is There a Slowdown in the Economy?

I have not known an inflationry period that existed with a conservative, wrist shy banking system. Unlike the fed, private banki system creates money, and it just has lost its mogo. There are iffu institutional fire breaks, which make it profoundly difficult for agents of the government to create inflation. And then finally, there is a concern that the fed has gone wronga. They keep talking bout palvolker unles. That's a catastrophically suicidal a reference point. But please do not try that at the end of a supercycle where dead is approaching five times g d p. That will create, we're in a mild depression, and you risk sending us over the

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