Jason Burack: The Fed Taper Is Not Meaningful, Rate Hikes Will Crash The System Again
Wall St. For Main St., Released on 11/8/21
Last week the Fed announced a $15 billion per month taper. But it is not meaningful, especially when politicians in DC plan on spending many trillions more. And if the Fed attempts rate hikes it can crash the entire system.
Fed to start tapering bond purchases later this month as it begins pulling back on pandemic aid https://www.cnbc.com/2021/11/03/fed-d...
Bank of America sees five interest rate hikes starting in 2022, but neutral rate will be capped at 2% https://www.kitco.com/news/2021-11-02...
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.
Jason Burack: The Fed Taper Is Not Meaningful, Rate Hikes Will Crash The System Again added by Herman James on 11/07/2021View all posts by Herman James ?+'