Sunday Humor? “One Good Reason To Hike Rates Is That It Makes It Easier To Cut Rates”

Sunday Humor? “One Good Reason To Hike Rates Is That It Makes It Easier To Cut Rates”

Boy, oh boy. We've really had to recalibrate the way we think about things in the post-crisis world. On Saturday we noted, with more than a little amusement, that Wall Street has thrown in the towel on obscuring the fact that what we really need is for the incoming data to be just bad enough to give central banks an excuse to keep policy unconventional. To wit, from Morgan Stanley: In our view, for the cycle to last another several years, we want to see more of the same — a continued enviro
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