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santafe2

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Re: gfp927z post# 479

Tuesday, 05/02/2023 2:07:58 PM

Tuesday, May 02, 2023 2:07:58 PM

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Regarding Powell and the possibility that the Fed will overdo rate hikes, Powell is in a very different position than Volker was in 1980 when debt to GDP was 30%. Today it's 120%, hence the additional urgency to get treasury rates back down as low as possible. I think he's using Volker as a cautionary tale to justify bludgeoning the economy.

If stock market experts were expert, they would buy stock instead of sell advice.

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