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News Story Source: https://www.lewrockwell.com, By David Stockman
And right now, the Fed has an urgent and fateful decision to make.
It can keep printing trillions of dollars, let inflation skyrocket or tighten monetary policy, and watch the stock market crash.
In other words, it can sacrifice the stock market or the dollar.
David, what do you think the Fed will do, and what are the implications?
David Stockman: Well, I think whether it wants to or not, the Fed will crash the stock market. The Fed has painted itself into a hellacious corner because it's made such a fetish out of its 2% inflation target, especially since January 2012, when it officially adopted this quantitative target.
In fact, most of the massive money printing, which has occurred since 2012, when the economy was pretty much recovered from the Great Recession anyway, has been justified by an inflation shortfall, which wasn't true, but that was the justification.
They were trying to raise inflation and therefore felt that they could keep quantitative easing
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