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Off The Cuff: It’s Getting Harder For The Fed To Hide Its Guilt

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By Adam Taggart
Wednesday, September 9th, 2020

Off The Cuff: It’s Getting Harder For The Fed To Hide Its Guilt

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By Adam Taggart on
Wednesday, September 9th, 2020
11

In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss: The danger of asset bubbles The Fed’s serial addiction to blowing them Tesla and the shale industry as case studies Covid-19s legacy on society Everyone loves a bubble until it bursts. And we now live in age of multiple bubbles, with the Federal Reserve at the center, blowing each with vigor. This inevitably will end painfully, as every prior bubble era has. But along the way, the more massive the distortions become, the greater the injustice between rich and poor becomes, and the more damage will ultimately follow.

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Wolf Richter: They [the Federal Reserve] should have encouraged the federal court system to hire 20,000 bankruptcy judges to get this done faster, create a lot of jobs that way, and ...
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