Trader: ‘Everyone Is Wrong But Me’

Former FX trader Richard Breslow has delivered his final missive for the week and it's a good one. Concise, cogent, and sprinkled with a dash of trademark Breslow-vian condescension. This week has been all about DM central bankers playing "good cop/ bad cop." The idea was actually pretty smart - in a devious kind way. Poloz would hike, proving how "serious" the hawkish shift is ("see, we pulled the trigger"), but Yellen would lean dovish. Of course they knew no one was going to trade off the