Geht da keine Panik rum, obwohl der Powell meint, die Schuldenlast ist nicht mehr Tragfähig.
Fed Chair Jay Powell told Congress today that the US is not on a sustainable fiscal path.
However, as we pointed out previously, this sudden Fed anxiety comes nearly a decade after the US unleashed its biggest debt-issuance binge in history, doubling the US debt from $10 trillion to $20 trillion under president Obama, which was only made possible thanks to the Feds monetization of $4 trillion in deficits (and debt issuance).
To summarize Kaplans and Powells view: when US debt doubled in the past decade the Fed had no problems, and in fact enabled it. And now, its time to panic
revolutionradio.org/2018/02/27/...n-a-sustainable-fiscal-path/