Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 178.34

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Dec 12 9:30 AM EST

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robert b furman

To: GROUND ZERO™ who wrote (14534)	8/10/2023 9:01:29 PM
From: Kirk ©	2 Recommendations Read Replies (1) of 26768

FWIW re Message 34379845 I don't blame Powell 100% for the crappy inflation. Their models proved worthless at predicting the massive inflation that came from paying people not to work AND trying to get an economy working again when half the workforce under 40 thinks they are in France and should only work 20 hours or so a week and get paid for 40 hours. I'd say it is 50:50 with Powell and Yellen/Biden sharing equally for the misery their massive inflationary policies are having on the poor. For me... I love getting a real yield on my fixed income while my stocks are soaring and I peel off profits to keep my allocation in line. I don't think I was the demographic Biden et. al. wanted to help while they crush the working poor... but they are idiots with Yellen at the helm. Only Krugman of the NYT would have been a worse choice for Fed Chair then treasury secretary...

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