instead of exacting damages and restitution (like for example they did in the South Seas Bubble)
a shameless and fearless spurt of enthusiasm:
"In 2021, U.S. policymakers, like many economists, myself included, badly underestimated inflation risks — as they themselves admit. This candor, incidentally, is itself refreshing and welcome."
Lagarde has already been convicted for negligence.
dc CB 19:42:30 GMT - 06/22/2022
Does Terrible Monetary Policy Ever Become Criminal Negligence?
The Fed has trillions of dollars in resources, including access to every economist who walks the Earth. How is it possible to still get things so horribly wrong?
it feels like a great time to ask the question: looking back on the last decade of Fed policy, combined with the effect it is having today, when does the Fed’s inability to forecast anything correctly or understand inflation become criminal negligence?
The definition of criminal negligence is: “conduct in which a person ignores a known or obvious risk, or disregards the life and safety of others.
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The United States has 100,000 service members operating in Europe, the largest number in nearly two decades, as the Pentagon shifts forces in the wake of Russia’s war on Ukraine.
Washington’s sanctions against Moscow are forcing other countries to cut their investments in the US for fear of becoming the next target, billionaire hedge fund manager Ray Dalio has said in an interview with German newspaper Der Spiegel.
When asked about anti-Russia sanctions, the founder of the world’s largest hedge fund Bridgewater Associates said the measures are failing, but there are no other options available to Washington.
“Sanctions are the only weapon the US can use. So far, the decline in Russia's gross domestic product has been around 15%. This is bearable for the population. Putin will only have trouble staying in power if the economy collapses more, say by up to 40%,” Dalio said.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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