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MoodyP's avatar

Good morning! Always good to be 1/2 way through the first coffee and have some QTR pop up to read! I think you should add the massive over inflation of real estate to your list.

And yep, the day of reckoning is coming. More like the decade of reckoning. Sadly, the people who are to blame are not likely to suffer much.

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BearZ's avatar

Brilliant and it chimes with the Chicago Fed paper at Jackson Hole that pretty much said that without fiscal restraint ie getting debt/GDP down well below 100% the Fed are powerless to control inflation on their own. There is zero political will to do that so.......mind your eye and tin hats on.

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