100% Spot On
— Mike "Mish" Shedlock (@MishGEA) December 14, 2021
The Fed blew another bubble and still doesn't see it.
Assuming we need a Fed (We Don't) it should lean against speculation but NEVER does.
How can it when it cannot see the bubbles of its own making? https://t.co/3Y5k8dalu6
.....More accurately, there should not be a Fed at all.
— Mike "Mish" Shedlock (@MishGEA) December 14, 2021
The market would do a far better job setting rates than these clowns.