Clark Kent on the US Economy

By | July 5, 2021

A very smart fellow this guy, who reminds me of Clark Kent. He’s a major force in the bond market, editor of a very well-recognized publication since 1983.

"If the Fed examiners were set upon the Fed’s own documents—unlabeled documents—to pass judgment on the Fed’s capacity to survive the difficulties it faces in credit, it would shut this institution down," he said. "The Fed is undercapitalized in a way that Citicorp is undercapitalized."