Federal Reserve

“At this point, I think demand destruction, which is the federal reserve's policy is the only thing that is going to quote unquote work. Because I don't think any plan, I don't think either party really has a political incentive to do exactly what I'm talking a…”

“They never said it, but that was the explicit policy aim. We need to crash this economy to get people back to their jobs. It's crazy. I mean, it didn't work. They weren't able to do it, thank God. We got inflation down anyway despite their efforts”

“Services driven economy. It's going to be less susceptible to higher interest rates. It's not part of the manufacturing cycle of booms and busts and inventories and, okay, so there's that.”

“The Fed liquidity is a myth. You don't need Fed liquidity for stocks to recover.”

“The threat of tariff-driven inflation will lead the Fed to keep interest rates higher a little longer, as we just saw with Powell.”

“When you have a crash, you can't move into a period of austerity. You actually have to throw money at the problem as politically unpopular as the bailouts are. The Federal Reserve needs to throw money in.”