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by Kephael
152 days ago
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Exactly, interest rates must come down due to the government debt burden. This debt burden creates a strong incentive to force rates to zero, but we have to pretend the Federal Reserve is independent. Separately, I think Jerome Powell is one of the worst Fed chairs as he is most (but not exclusively) responsible for what happened to the housing market by creating a lock-in effect and focusing on their CPI basket. |
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