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Was Powell’s Pivot Really Misguided? (Maybe Not)
Three months ago, Jerome Powell chafed at the suggestion the Fed wasn't aiming to achieve the mythic
As I read this post and meld it with others from the salivating pack of Hyenas seeking cuts, I get this image of the dauntless captain of a monster container ship in choppy seas trying to turn his beast just the right amount with a quarter degree heading adjustment. Then I see the ship wedged sideways in the Suez Canal.
We live in the Era of the Great Distortion, which has given us extreme multitude of theories and possibilities as we navigate and attempt to go forward in the world of investing and wealth management. The Distortion also applies to timelines, which is why historical comparisons have had limited relevance these past few years…(imho)
I was on the phone with a retired CEO. He echoed what our Dear Leader has reminded us = we are getting all hot & bothered by a falling rate of CPI growth. But prices are still going up, not reverting to pre-Covid levels.
That little detail helps to explain some of the support for DJ Trump.