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by smileysteve
1430 days ago
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To agree; the fed got caught with its pants down; QE was extreme in 2020 and should have begun the wind down process (It's also hard to define worse timing/actions by Powell if he were a malignant actor) 1. After states started reopening 2. On Federal Stimulus (PPP, unemployment, or 2nd/3rd stimulus checks) 3. Staged on percentage of population vaccinated and covid positivity rates / propensity to travel (ie spun down by June) |
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