Call me scaredy pooh

The Fed is expected to make a major commitment to ramping up inflation soon

 Recent statements from Fed officials and analysis from market veterans and economists point to a move to “average inflation” targeting in which inflation above the central bank’s usual 2% target would be tolerated and even desired.

To achieve that goal, officials would pledge not to raise interest rates until both the inflation and employment targets are hit. With inflation now closer to 1% and the jobless rate higher than it’s been since the Great Depression, the likelihood is that the Fed could need years to hit its targets.

 The are shouting that they will shout more later.

Then we are getting a 2.5 trillion stimulus bill. Remember, we pay 2.5%, in aggregate for our existing debt back there. Taxes are a problem for a long time, ten years or more. The Fed is threatening to raise taxes for congress even more than current. But that tax on banking comes at a time when banking has all but dried up. Sounds like a depression to me. Retail baking will be gone, along with it the credit function. Huge masses f people cut off from the future.