@EconguyRosie You have done this for five years. Taking economic data and saying we will be in depression and deflation within six months and that the FED has it wrong.
@DavidKauders The article is also to sneak MMT into economics because there has been too much debt and they won't let the debts fail as they should. If deflation took hold the cost of living would ease.
@DavidKauders Does this mean that the 'Financial System Limit' that your book was about no longer applies? The BOE only bought gilts temporarily during Liz Trusses meltdown and her government wanted to remove regulations that were in place.
@SparklingBooks Some people want to use MMT to allow the government to continue to spend. Wouldn't this stop the Financial System Limit and continue to help those that will not live within there means but penalise those that save?
@MBjegovic@EconguyRosie Where is all the deflation? Everything is more expensive than three years ago and bonds have fallen but you have been saying buy bonds for three years.
@Setarco22128598@EconguyRosie The higher rates are needed to get rid of the inflation. Reduce prices by 15% and things would be more affordable. Its David Rosenbergewho has had it wrong for Five years.
@EconguyRosie But its David who is stripping out the data to get the results that he wants. He done this with inflation data and employment data for three years and been wrong.
@EconguyRosie What i remember is that every six mounths over the last four years you warning people that there would be a recession within six mounths and repeating it when there was no recession. What we need is not inflation falling to 2% but prices falling 30% to get prices back down.
@EconguyRosie Is your bad labor market the same one that you claimed we had Three years ago and warned us about every three months. According to the official data the Labor market is not imploding.
@riverride469813@EconguyRosie If interest rates are cut and QT stopped people would borrow even more. The problem is the money printing over the last 20 years
@MBjegovic@EconguyRosie Should he have said there would be deflation and a crash and interest rates need to come down like you and Davis have said for the last three years. QT should be increased again and people that have overborrowed can pay higher interest rates.
@Aesop_NPV@EconguyRosie@federalreserve No, asset values were too high for years and inflation needs to come down. The FED should reduce its ballance sheet.