Effective Fed Fuds 2023 - Powell's War on You
Growth, Employment, Inflation - aka what's left of the Economy.
1. Employment - seeking roughly a reduction of 12 Million Jobs.
2. Growth - reduction of 50% for S&P 500 from Highs.
3. Inflation - Leads until Rate Lag breaks everything.
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Capital Stocks
Powell - Bonds are going to see a Yield Curve Inversion, larger than usual. There is no single
condition, what is the term premium on Longer Rates is what matters most.
Powell - Housing will see a significant correction, we want the housing market back on a
sustainable path.
Powell - Equities are overvalued, period, the end. We're committed to "Price Stability"
Powell - The US should not return to a Gold Standard - Digital Currency is the path.
Powell - We flooded the System with Money (Digitally) by buying Bonds now we are selling them.
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Forward Rates are indicating he is very serious.
I've warned about this for well over a year now - safe to say its come to pass.
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