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Fantastic episode of Kitco with John Hathaway: https://www.youtube.com/watch?v=7XoPD32ksGk
Takeaway? Why can't Powell raise interest rates to fight inflation?
BECAUSE 1% OF US$30 TRILLION IS US$300 FUCKING BILLION.
That's why.
Fantastic episode of Kitco with John Hathaway: https://www.youtube.com/watch?v=7XoPD32ksGk
Takeaway? Why can't Powell raise interest rates to fight inflation?
BECAUSE 1% OF US$30 TRILLION IS US$300 FUCKING BILLION.
That's why.