Imagine A World

Imagine a world where Fed officials were required to say something new, or at least something incrementally informative, whenever they spoke publicly. In fact, imagine a world where that rule applied to everyone. A world where the right to opine (on anything) was contingent upon saying something meaningful. That'd be a quiet world. And silence is most assuredly golden in this context. Every day, I'm reminded of how little we actually have to offer one another. If someone's talking, odds are t

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7 thoughts on “Imagine A World

  1. As I keep reminding those around me, there is nothing you can do about the current situation. “Situation” can encompass any and all contexts at this point, it’s the shift in culture that is driving the lunacy all around us. The best thing to do is nothing, wait for something to change and then you can act. We’re all waiting….

  2. I am going to shoot from the hip. This comment goes no where to the point of this article . As an emotional reader I request…

  3. The Fed seems to value never surprising the market, such that every action shall be telegraphed long in advance and every possible action will have been previewed somewhere in the welter of Fedspreak and thus at least present in investors’ probability distribution.

    I suppose the consequences of the Fed blindsiding the market are greater than, say, the Swiss central bank doing so. But it does make for a poor signal-to-noise ratio.

  4. What makes no sense in this context is the lack of using the QT lever and why they are already ramping that down. That would seem to be the easiest mechanism available to try to tighten financial conditions (ramp it up) to counteract fiscal impulse because rate jawboning isn’t working at this point.

    1. “You start a conversation, you can’t even finish it
      You’re talking a lot, but you’re not saying anything
      When I have nothing to say, my lips are sealed
      Say something once, why say it again?”

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