They were smart insofar as they made a return to pre-pandemic unemployment a priority and repeatedly warned the world of Russia's invasion of Ukraine and unified almost all of Europe in the process against Russia with a combination of sanctions, military intelligence and arms and leadership (supporting the brilliant Zelenskiy) that thwar…
They were smart insofar as they made a return to pre-pandemic unemployment a priority and repeatedly warned the world of Russia's invasion of Ukraine and unified almost all of Europe in the process against Russia with a combination of sanctions, military intelligence and arms and leadership (supporting the brilliant Zelenskiy) that thwarted to a great extent Russian energy hegemony on Europe. The $30 trillion bond market, the greatest bazaar of behavior and sentiment, reflected these strategic choices which DeLong and Krugman assessed accurately. John Taylor's response is incomprehensible when the bond market is the real time reality check and most legitimate reference of Fed confidence.
MW - I agree the bond market is the best indicator of future actions given the knowledge set available to the informed crowed, and will invest in line with that wisdom. While i understand the value you see in breaking Russia's hegemony on European energy markets the cost to tax payers in both the US and EU has been high and the cost to Ukrainians of their livelihood has been monumental, in line with the cost to the Iraqi's of US invasion.
Is there not room to think improved diplomacy in both cases could not have yielded similar outcomes for the global economy with out the cost of treasure (US/EU) and Blood (Ukrainians and Iraqi's)... I think so and as such see both efforts as monumental failures in terms of both treasure and blood. No?
They were smart insofar as they made a return to pre-pandemic unemployment a priority and repeatedly warned the world of Russia's invasion of Ukraine and unified almost all of Europe in the process against Russia with a combination of sanctions, military intelligence and arms and leadership (supporting the brilliant Zelenskiy) that thwarted to a great extent Russian energy hegemony on Europe. The $30 trillion bond market, the greatest bazaar of behavior and sentiment, reflected these strategic choices which DeLong and Krugman assessed accurately. John Taylor's response is incomprehensible when the bond market is the real time reality check and most legitimate reference of Fed confidence.
MW - I agree the bond market is the best indicator of future actions given the knowledge set available to the informed crowed, and will invest in line with that wisdom. While i understand the value you see in breaking Russia's hegemony on European energy markets the cost to tax payers in both the US and EU has been high and the cost to Ukrainians of their livelihood has been monumental, in line with the cost to the Iraqi's of US invasion.
Is there not room to think improved diplomacy in both cases could not have yielded similar outcomes for the global economy with out the cost of treasure (US/EU) and Blood (Ukrainians and Iraqi's)... I think so and as such see both efforts as monumental failures in terms of both treasure and blood. No?