The Fed is really going to feel the heat now. The bond selloff program is just beginning and they are already going to feel pressure to scrap it. Yet, they can't turn this ship around with the CPI sitting at an insane 8.6%. Folks really need to grasp how insane that number is. With all the chicanery around how the CPI is calculated, they still found a way to match CPI numbers we haven't seen in 40 years. I don't think they can take their foot off the brakes. The inflation numbers are too politically devastating to swallow. Even if they stop the bond selloff program, they can't juice the money supply without risking 15-20% CPI and massive political unrest. My guess is that every Fed insider is using this opportunity to get everything they have out of the stock market. The crash is coming and there is nothing they can do about it.
The Fed is really going to feel the heat now. The bond selloff program is just beginning and they are already going to feel pressure to scrap it. Yet, they can't turn this ship around with the CPI sitting at an insane 8.6%. Folks really need to grasp how insane that number is. With all the chicanery around how the CPI is calculated, they still found a way to match CPI numbers we haven't seen in 40 years. I don't think they can take their foot off the brakes. The inflation numbers are too politically devastating to swallow. Even if they stop the bond selloff program, they can't juice the money supply without risking 15-20% CPI and massive political unrest. My guess is that every Fed insider is using this opportunity to get everything they have out of the stock market. The crash is coming and there is nothing they can do about it.