Trump policies are just taking the mask off of previous fed policies at a faster rate. Wealth effect nonsense to fake a healthy economy eventually comes due.
Trump is hyper focused on asset inflation because he’s a moron who is literally incapable of seeing a bigger picture, but Powell and every previous administration have been doing the same damn things since before 2008 that increased income inequality and further divorced the actual productive economy from “the economy.”
Yeah exactly. There’s a bunch of stuff that counts towards the GDP that is actively sucking resources out of the economy. Health care is a good example of that: the most expensive system in the world, with outcomes that are near the bottom of the developed countries. But it’s making a few people very rich, so you’re not allowed to fix it.
