“We’re back in the three-letter acronyms and there will be a lot more of those and frankly, I think this is the unintended consequence of the fed’s monetary policy layered with a really bad fiscal policy on top of it, but essentially we have been encouraging people to take reckless risk for years just because you had no alternative,” she said. She went on to say that the Federal Reserve’s endless money-printing policies dovetailed with reckless government spending has fomented an economic powder keg. You know the areas where speculation was most rampant and most egregious are clearly coming down and they are doing so a they seem to do in all the three-letter acronyms, just like they did in 2008.” “This was clearly going to happen and now we are seeing the weak links in the chain break. “At the time, the Fed hadn’t even raised rates nearly as high as they have today and as I was saying, you don’t raise rates at record fashion on an economy toting record leverage at maximum speculation and expect no consequence,” she continued. “What we are facing right now is really serious and we are on the brink of a 2008-style financial crisis and I’m not trying to be hyperbolic,” Pomboy told the Fox News host.īiden Effect: ‘We’re On The Brink Of A 2008 Style Financial Crisis’ – Economist On Tucker Carlson /F1sEbwPc1F- Red Voice Media March 11, 2023
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