“If the Fed managed to push that down by another 0.5 percentage point, what difference would it make?,” Bill Dudley wondered on Wednesday, in an
“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”.
“Thereâ€™s even an argument that the election itself falls within the Fedâ€™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 do care, but I’d be willing to bet you didn’t roll
All eyes turned to US inflation data Wednesday, as markets exhibited what one popular strategist called “bad inflation paranoia.” Although US tech shares clawed back
Predictably, Donald Trump sued everyone in sight this week, even before Joe Biden reached the 270 threshold to be declared the winner of the most
It feels somehow trivial to mention (let alone analyze) next week’s “other” marquee events and data points considering the enormity of Tuesday’s electoral trial by
“We’ve got [an] inventory that has incredibly low delinquency embedded in it right now and an unemployment forecast that’s suggesting that that’s got to normalize
It’s a “shame”…
Quite a bit to digest, but perhaps not much to move markets other than at the very front-end.