Money printing is back in a big way, and we’ve been on the beat all month long. Two weeks ago, your income writer mentioned the other “I” word, inflation, and watched our customer service email box fill up.
Readers, rightfully so, were concerned that Fed Chair Jay Powell has been not-so-subtly orchestrating the largest money creation effort of all time. JP created more than $2.5 trillion since March, and in doing so, made all previous quantitative easing (QE) efforts look like amateur hour:
“Now That’s How You QE!” – Chairman JP