Quote:
Originally Posted by Caymus
Always amazed how fast the market can move. Stock futures shot up this morning on lower CPI. See what happens after Powell's talk tomorrow.
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And here we are — the day after…….
Powell was appointed Head of the Fed in 2018. Since then we have seen two Black Swans (Covid and the War in Ukraine) and a housing market that was out of control to the point of pure insanity.
In my not-an-economist opinion, money has been too cheap for most of this entire century and now we are all caught in a catch-up game.
I am not naive enough to think that prices will go down on everyday purchases and services any time soon — or ever.
Why didn’t the Fed get a hold on what was happening before now? It has been like the Fed has been asleep at the switch for years and now it’s a mess they’ve got us in…..with no right answers. (I hope I’m wrong.)
Boomer