Inflation Headaches
There's something about the NY Fed consumer survey that gives me a headache.
Not literally. I don't get headaches, but if I did, these are the sorts of reports I imagine might trigger them.
Nobody generally cares about the survey, it never moves markets that I'm aware of, and yet somehow, covering it feels obligatory. There's nothing worse than something which is both pointless and obligatory. Maybe that's why life is annoying most of the time. It's both pointless and obligatory.
Dark humor a
We have disinflation. Fighting inflation now is like preparing for trench warfare in 1937. Its the last war. Growth rates and unemployment will be front and center by early next year
There’s something funny about declaring trench warfare passé while it’s literally being fought as we type.