'Big Short' investor Michael Burry warns of a massive bubble and epic market crash

[BlueKelah]

If his government agency task is only one goal -  ensuring reasonable inflation at 2%. The answer is yes that is his intent.

However, the Fed has a second policy goal it has to achieve: ensure full employment. He is running a real risk of failing to meet it and causing a castrophic global recession with massive job cuts

Currently he hasnt even raised rates that much yet and has been late to the inflation game having called it TRANSITORY all of last year and some of this year.

now FED rates only 3%plus and real rates are still NEGATIVE!!! Thats still accomodative!!!

But the global and USA economy cannot take it as its been easy money for far too long since GFC. 

With coming election, Powell has no choice, DEMs also have no choice. High inflation wont wont sort itself out as history has proven without super high rates and tax cuts for business to increase production and supply of goods. With high inflation you will lose the election that is a fact. 

SO basically FED doesnt really care now, just let it be recession first, get inflation under control and then can print again to prop things up and get the recover to help unemployment. 

THE CYCLE HAS TO PLAY OUT. 

MMT is proven to be useless.