of all?
Any other time we have ever had two consecutive quarters of negative GDP growth?
We have said were in a recession.
Steve Hanke says the chance of a U.S. recession just shot up to 80%
Were already there.
"He blamed the U.S. central bank for rising inflation. “The reason for that is because the Fed exploded the money supply, starting early 2020 at an unprecedented rate and they don’t want this length to be visible between the money supply and inflation.”
(Said it was exactly what we wee gonna do at the very onset of COVID. I look like a "professor of applied economics at Johns Hopkins University"?)
"They have really been searching for inflation and the causes of inflation in all the wrong places. They’re looking at everything under the sun, but the money supply."
(Who does that sound like?)
“And in fact, they’ve (The Fed) doubled and tripled down on the argument that money has no relationship to economic activity or not a reliable relationship to economic activity and inflation.”
(Brainiacs...)
“The reason for that is because the Fed exploded the money supply, starting early 2020 at an unprecedented rate and they don’t want this length to be visible between the money supply and inflation.”
“Because if it is, the noose around their neck, and that’s the real problem.”
An increase in money supply drives up prices as consumers are willing to pay more for goods."
(Completely wrong Mrs. Su-Lin Tan! Increasing the $ supply doesn't make consumers willing to pay more for goods, it cheapens the value of the $ they have to where it cost more to buy the same products and services before the $ supply was increased. I swear I think these articles are just AI driven bots pushing an agenda lots of times anymore and I'll show you why:
"Su-Lin Tan is a Senior Correspondent with CNBC, based in Singapore.
With over 25 years of experience in business, including time as a former investment banker and analyst, Su-Lin joined CNBC after the Australian Financial Review and the South China Morning Post.
She has covered business and financial news, housing and commercial property, street talk and investigations, as well as trade and conflicts and the macroeconomy.
Su-Lin is a qualified accountant who worked in the financial services sector in London and Sydney before becoming a journalist."
She's got that background?
And she doesn't understand that to much of anything decreases its value? Even to much $v in the system?
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