this isn't a theory nor is it related to david stockman -
Posted on: July 10, 2024 at 21:13:05 CT
90Tiger STL
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there is a boom/bust cycle in the US stock market.
The value of the market isn't an indicator of the economy, directly. Can you not admit that?
I never said the Fed invented boom/bust cycles, ferg. You add a lot of material to the posts of others.
fiat currency existed before the fed, Ferg, the fed just happens to manage US money supply, which was our context.