Alan #Greenspan was masterful in his monetary policies. Yes, you could say that I am seeing the possibility of #stagflation. There is #inflation potential but not much output potential. Yet, I tend to see it not lasting very long, before a contraction takes hold. And Gary, you make a great point about the risk of killing the collateral, which is a headwind against output growth as interests rise.
Prof, Alan #Greenspan has been reading you. He says #stagflation is his fear, which you seem to be saying as well. Killing the collateral could make things even worse than that.
Projecting A Fed Rate Path
Alan #Greenspan was masterful in his monetary policies. Yes, you could say that I am seeing the possibility of #stagflation. There is #inflation potential but not much output potential. Yet, I tend to see it not lasting very long, before a contraction takes hold. And Gary, you make a great point about the risk of killing the collateral, which is a headwind against output growth as interests rise.
Projecting A Fed Rate Path
Prof, Alan #Greenspan has been reading you. He says #stagflation is his fear, which you seem to be saying as well. Killing the collateral could make things even worse than that.