Standard crowding out in 2015

 

The cause of the 2015 rate cycle was Trump's policies which caused the Swamp to soak up four percent of the economy in 2015. That caused the rate hike, not Yellen.

To cover that four percent jump Yellen would need another trillion in balance sheet. The curve already inverted she would have needed a huge remit stream to get those interest charges down. We cannot ask the Fed to raise taxes for us.

My prediction in 2018 was that 2016 was a mini downturn below the radar.   We were already due for ab extra point of Fed taxes before covid. The Fed cannot jump those taxes another point without a meeting of the elders.

My only message is to the middle sized state governors.  They are the only ones whop can make revenue sharing work and make this woibble problem lessen considerably.