Last week, current and former Federal Reserve officials offered a mea culpa, saying the timing of the 2015-18 rate hikes may have curbed a potentially quicker recovery from 2008. Apparently, seven to ten years is not enough time.

Well then, if time is the problem your podcaster will take a page out of Hugh Hendry's book. Recently the early-21st century Scottish philosopher suggested the Fed would be taken seriously at its attempt of irresponsibility if it was headed by the funny, mixed martial artist, media-sensation Joe Rogan. Why not then filmmaker Christopher Nolan? He offers Rogan-style pyrotechnics, plus he knows his way around time. In Memento he reversed it, telling the story from back to front. With Inception he slowed it down - allowing multiple realities to exist simultaneously. Interstellar showed him capable of harnessing no less than the gravity well of the black hole Gargantua to 'steal' decades of time. And in his latest opus - TENƎT - Nolan folds all of these ideas into the same movie. Not just the same movie, but the same frames! Entire sequences are shown with characters and objects sharing the same space but not the same eddies of entropy.

Hopefully the point survives the exaggeration. A true, fundamental overhaul is long overdue and recently the Federal Reserve did perform just such a review at the end of which it announced a new, grand strategy. In this, the 25th episode of Making Sense, while we wait for Rogan, Nolan or Deus-forbid anyone with authority, Snider offers his review of the new, grand strategy.

----------WHERE----------
AlhambraTube: https://bit.ly/2Xp3roy
Apple: https://apple.co/3czMcWN
iHeart: https://ihr.fm/31jq7cI
Castro: https://bit.ly/30DMYza
TuneIn: http://tun.in/pjT2Z
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Castbox: https://bit.ly/3fJR5xQ
Breaker: https://bit.ly/2CpHAFO
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
Overcast: https://bit.ly/2YyDsLa
SoundCloud: https://bit.ly/3l0yFfK
PocketCast: https://pca.st/encarkdt
PodcastAddict: https://bit.ly/2V39Xjr

----------WHAT----------
Murphy's Law Is Fed's Law, and Everything Is Wrong: https://bit.ly/3lTWbLM
Peak Inflation? No, Peak Stupidity: https://bit.ly/357HFKr
Read Richard Clarida's Speech: https://bit.ly/3lPo2wO
Watch Richard Clarida's Speech: https://bit.ly/2QXB793
Fat Chance, Flat Phillips: https://bit.ly/3hV2RXP

----------WHO----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, exempt from Murphy's Law. Artwork by David "the right stuff" Parkins. Podcast intro/outro is "Sleeves" by Cushy at Epidemic Sound.

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