It will be great if Fed turns out to be highly skillful. But frankly, w everything going on in the world, this is a case where, as Lincoln said, we really want luck in our generals and luck in our leaders because this could go a lot of different ways.
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Not an inspiring track record. Missed the boat completely. Maybe they should import some advisors from emerging markets who actually have experience dealing with inflation. The team in Brazil did pretty well.
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God bless an independent . The Governors are entitled to take a risk with information. It’s been a great system since Breton Woods. Beware Gold standard advocacy.
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Better to be lucky than good. In the short run. In the long run other way around.
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What about competency and data dependency in our leaders? They can raise to 4.5-4.75% and create a softish landing or raise to 5.25-5.50 and spook the market and then maybe everything is out of their hands, it could be deep recession.
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They better gap the market down or else traders will get cheap options next week
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The problem is both elected officials and appointed bureaucrats will panic…Fed has generational opportunity to hold the line and fix liquidity-addict fake economy by killin the notion of fed put and let nonefficient bussinesses die… painful in the short run, good in long term
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What a disgraceful system with schmuck and past schmuck continuing to comment ad nauseam
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Thanks for quoting Lincoln again here, I had kind of missed it over the radio. I always learn a lot from you Prof, and always looking forward for Friday for your insight.
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