Can The Fed Keep Raising Rates Amidst A Banking Crisis? | Michael Howell
Inflection Point
00:00
Should You Buy Risk Assets?
Michael Kofman: Why aren't markets saying what the three of us are kind of saying on this particular chat here? And then my other question for you is, how does this all shake out? Because I'm with you that we do need to inject some amount of liquidity here. We don't want the banking system to fall apart. But Michael, we still got a six handle on inflation. It's there in the records. Go back and look at the FOMC testimony in 1984 in July by Chair Volker. That came just after the bankruptcy of Continental Illinois. He was an inflational hawk. The parallel is not that different.
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