Fed hikes = trying to tighten by handing more interest income to Boomers while simultaneously blowing out the deficit through higher interest expense.
That's like trying to get your virginity back. The mechanics just don't work.
You can't tighten conditions by funneling cash to the wealthy AND expanding deficits at the same time. It's contradictory policy — and the market knows it.
That's like trying to get your virginity back. The mechanics just don't work.
You can't tighten conditions by funneling cash to the wealthy AND expanding deficits at the same time. It's contradictory policy — and the market knows it.