The Questioning of M M T Has Begun

There's going to be no stimulus. I don't care what the argument is about m m t, there's going to been no stimulus. The reaction of the stock market to the last f o m c is indicating a policy error in a move toward recession. As long as the fed stays aggressive, short rates will start ahead higher. And when a yeel curve inverts, that's a market signal that something's broken. That can be financial markets plunge and an economy that goes in recession.