I was told Icarus would be unleashed.
Happens to a lot of guys.
“This time is different.”
The bottom line: for credit investors, the risk of central banks becoming more hawkish is now a two-headed beast.
“We will probably never know, but I think it’s an interesting exercise to speculate on the reasons for the massive bet.”
It may be time to question your religion.
Is this it?
In pop culture terms, “there’s levels to this shit.”
I remember when…
“…with higher costs being increasingly passed on to customers, the survey sends a warning signal for a potential rise in future consumer price inflation.”
Well damn, who could have seen a “people familiar with the matter” story coming from the ECB?
“…never in modern financial history has a Central Bank expanded its balance sheet through quantitative easing and then successfully shrunk it back down.”
So, could Trump end up resurrecting the deflation demon we thought we’d finally exorcised?
This was not the time, Klaas.
Well, that didn’t disappoint.