Name:   MartiniMan - Subject:   Powell tanks the market Date:   8/29/2022 1:08:23 PM

Have to say I'm not surprised that Archie continues to be a raving moron.  If DJ raised his taxes 100% and then lowered them 50% he would be rejoicing at his tax "cut" even though they were up 50%.  If Trump cut his taxes 50% he would be raging about the tax cuts for the rich, the deficit, etc.  I long ago decided that having my IQ dropped by reading his posts was not for me.

Frankly, if you read Powell's comments they are pretty much accurate but sadly about 18 months too late.  When you read history as I do one thing is certain....when the gov't adds millions/billions/trillions of dollars to the economy it always causes inflation.  Especially when combined with lowered productivity...too many dollars chasing too few goods=inflation.....every. single. time.  On the positive side I doubt we will see interest rates in the 18% range like we did with Carter.....but they will still end up north of 10% until the recession starts to reduce it.