21 sats \ 1 reply \ @shado_op 17 Feb \ on: The Creeping Death of ESG Investments econ
What is the play here? By holding interest rates higher for longer, the Fed are shutting down businesses whose models are built on cheap credit. No one will miss a few ETF analysts (no offence!) but it will go wider... Not something the politicians (all Parties) want to see, as they all want to claim credit for economic growth, not unemployment. Which suggests the Fed is still nominally independent, something I had completely discounted. Confused!??
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25 sats \ 0 replies \ @TomK OP 17 Feb
I'm more of the opinion that the Fed knows exactly what's at stake, namely their emmitized product, the US dollar. they have to sterilize a whole lot of return flight in dollars in the next few years, which is why they are now trying to keep interest rates up
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