RE:RE:RE:RE:Markets red all over I'm not sure any thinking man would say Powell is at the top of his field, other than his job title. Along with Cramer, the tv investment guru and Wrong Way Klugman from NYT fame, I doubt many are criticized more than Powell. He has been continually wrong on inflation and behind on every move. He is now stuck between a rock and a hard place. You are right about Trump and his debt, but I believe he gave the foolish Covid payments to people because he knew the democrats were already talking about them doing it. He stupidly tried to play their game. Biden did what every dem does, except maybe Bill Clinton, and that's spend like a sailor on leave. As to country spinning out of control, I live in U.S. and it was only out of control because of the dimwits pushing Covid. And, yes inflation will be back, both because of Bidens spending and Powell's reluctance to move quickly and take rates where they needed to be, much higher. But, there in lies the rub. Each point higher costs trillions in interest payments. So now the U.S. is stuck. Can't take rates high enough to stop inflation nor can they lower rates to save on interest on debt because that will pump up inflation. Maybe Argentinas Milie will come up and bring his chainsaw.
T