Trader: “You Really Shouldn’t Make It Up As You Go Along”

Former FX trader Richard Breslow is feeling generous on Thursday. 24 hours after eviscerating you for what he calls your "wild projections fueled by an irrelevant and dangerous tincture of moral outrage," today's missive is a bit tamer and plays on a theme Breslow's been pushing for quite sometime. Namely that there's a disconnect between what central banks are saying (or even - gasp - doing) and what markets expect them to do. Thursday's hawkish lean by the Norges Bank (more on that here) is