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The Fate Of The World
"It's truly amazing how the fate of the entire world seems to rest on whether we do 25bps or 50bps this week."
So said an incredulous reader on Monday afternoon, as the clock ticked down on the most anticipated Fed decision since the Committee was in the process of ratcheting rates higher to contain a generational inflation surge.
I share that reader's incredulity. It is amazing that we've all come to believe, or come to behave as though we believe, that humanity will perish of flourish depend
Waiting for this decision, I feel like a parent waiting to find out if my unborn child is a boy or a girl: should I buy a football and paint the nursery blue, or will it be a stuffed unicorn and a coat of pink? Either way, I should probably start a college fund.
H-Man, I think 50 is in play but the real issue is how many before the end of the year — 100, 125, 150?
In my mind it’s definitely 50, the whisper is on the wall.