Bud: I don’t think the country fully grasps how the labor and not capital are made to pay risk premiums. The fed has inverted the equation. The only people smart enough by and large to understand what the Fed has done have mostly benefited from it. So its not a mass cause. you get paid a risk premium without taking risk, if you own assets. The fed has muted all price discovery, its like bumper bowling. If you are wealthy or have chunk of assets you never through gutter balls, scores go through the roof, without anyone being able to ascertain who the weakest bowlers are to make way for new people to try. Wage earners are still playing without bumpers. plus the cost of bowling, and beer have gone up. It’s by far the biggest story, not Trump or Biden or Floyd or all the other distractions. It’s always about the money. I think Dems got more and more desperate w blm and antifa as they realized that Fed would bail out Trump’s markets and even cause them to rip, having removed any risk from the horizon. They wouldn’t be able to run on weak markets which is how most people see the economy, i.e. if you turn on news and markets make highs, and your statements are at highs, you re elect you don’t change.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bud: I don’t think the country fully grasps how the labor and not capital are made to pay risk premiums. The fed has inverted the equation. The only people smart enough by and large to understand what the Fed has … Continue reading