Last Feb I casually posted this neck stretch on Instagram (that I thought everyone knew 🤷♀️) and it blew up in a way I couldn’t imagine. It’s now been viewed over 8 million times 🫣😬🤣 and has brought so many wonderful people into my world.
So give it a go, it’s a pretty lovely stretch. (Though it’s not actually magic, it’s just an up…
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Watch what happens. The Fed's attempts to constrain credit will trigger a deflationary collapse (probably already the case) after which it will respond with higher, and accelerating, rates of monetary debasement. Short nominal rates having been pushed to zero the avoid hangovers stay drunk strategy is over. Decades of monetary and fiscal distortion must now be wrung from the system through either inflationary collapse (easy bet) or deflationary collapse. Happy endings never follow such distortions, and those extant are extreme by historic standards. Doubt it? Just study financial history.