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Hassett Has It?
Bad news is good news. You know how it goes.
The US labor market's plainly rolling over. Private se
“maybe it’ll revisit 36,000”. Young people probably will not believe that is possible. I know it is possible.
For various cronyism related reasons, my money was on Rick Rieder (metaphorical money that is, no actual money was harmed in the making of this comment). The inflection in those betting odds screams, “Inside Information!” to me though, so it looks like Hassett is a lock.
Lol at a the coda
Sorry H, I’m imbibing. At the coda
When a developing country enters hyperinflation that country’s stock market goes parabolic as the currency crashes. Like Nazism, it can’t possibly happen here…
Markets like a dovish Fed, but not a splintered, infighting Fed and not a banana republic Fed. I think there is a good chance Hassett will head first the second and then the third.
This is probably dead wrong and I am completely out to lunch with this idea but maybe the idea that it has to be Hassett might not be the case. The one I would want if I was Trump would be Scott Bessent. I get that he was not on the list. I get that Hassett is what prediction markets say. But heck, they are always right? Bessent strikes me as a more adept communicator. Something about Hassett just fails to impress me.
You can take Lefty’s word for it, a prediction market is always right. Even when it’s wrong, it’s right.