Nervous traders watch Federal Reserve Chair Jerome Powell, as yet another hedge fund threatens to unleash huge losses, due to a bet gone bad. The unravelling of speculative positions held by Archegos, triggered over $6 billion in losses, hitting major banks which were lenders to the firm. Will the Fed keep interest rates low, to allow the speculative binge to continue indefinitely? And what will happen if they finally admit that inflation is eating away the value of the dollar? Never fear, the Biden administration is preparing to boost the Green Financial Bubble with $3 trillion in a fake infrastructure bill. Whatever happened to real economics?
