Absolute power corrupts absolutely.
Nobody should have absolute power, yet the Fed has been given absolute power with checks & balances on paper only.
"Independence" is code for being unaccountable for the negative consequences.
There is no mechanism to hold the Fed accountable.
Never seen people so excited about something down 50%
… using btc as a proxy to the speculative mania pic.twitter.com/FtXB6QvBYv
most shorted index nearing next resistance fib pic.twitter.com/1jTi803eCG
Bad News: The 20% of the S&P that cannot pay interest on their debt with cash flow—zombies—are carrying $2.6 trillion in debt.
Good News: It will become very exciting at some point.