) bulls do not need to wait long for the United States to start printing money again, commentators believe.
While interest rate hikes look set to continue declining in scope, some now believe that the Fed will soon have only one option — to halt the process altogether. A dizzying number, the interest comes as a result of U.S. government debt being over $31 trillion, the Fed having printed trillions of dollars since March 2020 alone. Since then, interest payments themselves have gone up by 42%, Henrich noted.
NorthmanTrader I completely agree with him.
NorthmanTrader A dizzying number, the interest comes from U.S. government debt being over $31 trillion, with the Fed printing trillions of dollars since March 2020. Since then, interest payments have increased by 42%, Henrich noted.
NorthmanTrader Even if the Fed manages to drive the inflation rate to its “target” of 2%, that still means that inflation will get worse. That would require a 40% deflation and that won’t happen. The root of the problem is monetary: the currency debasement from 2020 and continuing lockdowns.
NorthmanTrader Wednesday 🚀🚀🚀
NorthmanTrader Lol they’re not going to slash rates for years to come. Hikes only for 2023 and probably the first half of 2024