The Bill Dudley, Morgan Stanley Treasury Row
Last year was bad for bonds. In fact, we can call 2022 anomalously poor. If
Last year was bad for bonds. In fact, we can call 2022 anomalously poor. If
In late March, around the time the 2s10s inverted, Bill Dudley penned a somewhat abrasive Op-Ed for
Inevitably, Bill Dudley’s “inevitable” recession call prompted pushback from some market participants and served as
Two days ago, in “Fatalism Sets In As Curve Starts Recession Clock,” I wrote that
If you’re looking to explain intraday market swings, don’t read too much into the incessant
“If the Fed managed to push that down by another 0.5 percentage point, what difference
“Although I have no idea of the timing, as this cycle continues, I am getting more sympathetic to the idea credit is a time bomb.”
“Dudley went over the cliff”.
“My intention was to be provocative”.
“There’s even an argument that the election itself falls within the Fed’s purview”.
“Central bank officials face a choice”.
“There was blood, there was glass, there was beer and there was some shouting.”
With Yellen, Fischer, and now Dudley gone (or leaving), the three most influential policy makers are all headed for greener pastures…
On Friday morning we got some data you probably don’t care about. Or maybe you
If there’s anything that frustrates me about opining on macro, markets and policy on a
The BEA on Thursday provided the Fed with more evidence to justify this month’s dovish
Three months ago, Jerome Powell chafed at the suggestion the Fed wasn’t aiming to achieve
Two weeks after taking Bill Dudley to task on his suggestion that the worst isn’t
On Tuesday morning, I walked through the “debate” between Bill Dudley and Morgan Stanley’s US
Is the pain trade still higher? That’ll be a key question going forward for ebullient
The earliest price action of 2023 in US equities found two growth heavyweights under pressure,
I try to give technocratic policymakers the benefit of the doubt. I really do. For
On the eve of a jobs report which argued for the persistence of an overtly
If we assume the likes of Bill Dudley, Larry Summers and Olivier Blanchard are correct
“A critical debate has emerged” around the outlook for the US economy and the Fed’s
The odds of a “left-tail,” hard landing scenario for the US economy have “exploded higher.”
“My remarks will be shorter, my focus narrower and my message more direct,” Jerome Powell
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