@BennettWoodman Agree Fed credibility has been harmed ever since they went to press conferences and more transparency. The aura around Greenspan’s and the Fed’s forecasting ability went poof and we saw that they are almost always be reactive rather than proactive.
@BennettWoodman Generally like your content but disagree with most of these points. Not a new problem, any serious real money investors realize the flaws in the public data and supplement with private research.
House Republicans just voted to strip their own authority to override Trump's tariffs. They voluntarily killed their own power.
Between this and surrendering spending authority with DOGE, I have no idea what Congress does all day besides tweeting and angling for cable TV hits.
"As is clear from the graph, inflation starts to spike in 2021 and remains high through the end of 2022. The two primary causes for elevated prices during this period are price mark‐ups (supply constraints) and monetary policy" https://t.co/c88JE9nUhc via @CatoInstitute