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Gosh, Sorry About Your Rate Cuts!
One reader with a Wikipedia page was upset with me on Tuesday when I characterized the January US CPI report as "horrendous."
That's a real shame. I aim to please, after all. Especially in the context of would-be market mavens who've convinced themselves that a career spent "analyzing" lines and squinting at squiggles is something to be proud of. Can you sense the sarcasm? I hope so.
You'll have to forgive me, although I won't care if you don't: Tuesday was the second time in 48 hours that I'v
Heisenberg Report warning label:
You are reading Heisenberg Report. Knowledge consumption will include the intersection of the geopolitical environment with financial markets, with thought provoking monthly articles and guest writers. Consult your doctor if you are sensitive to the effects of sarcasm, satire, and snark.
Fun as always, H.
It’s “horrendous” market opinion makers anticipating early and multiple rate cuts arguably are separated from real-time daily goods and services price changes on the ground, not in lagging government statistics. I don’t have a Wikipedia page.
I’m sick of both sugar coating and hyperbole, neither of which we get here. Thank you H.
Punch, the five finger’s said punch to the face.
This has been the strangest QT since QT became a thing. Thanks Covid!
I didn’t know there was such a thing as a personal Wikipedia page.
I, for one, am a happy camper. If rates don’t get cut all year I don’t care. I lend money (buy debts of others). I don’t buy ownership shares in companies that don’t make/keep promises. The longer the stall on cuts, the more opportunities I get. Happy, happy …