“Right away, you’re ready to sell it.”
Two economists walk into a bar…
I think people might be missing some of the nuance inherent in what’s happened to markets this month.
“This time is different.”
“At the end of the day, the real scandal of central banking is that it takes credit for what it doesn’t cause and can’t achieve in the main street economy, while ignoring the mayhem its machinations bring to the financial system.”
“Oh, they’re drunk. How would they know where we’re going?”
“…a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy.”
“…inflation risks are clearly shifting to the upside.”
That’s the question.
If you’re looking for some confirmation bias for your still-bullish outlook…
It may be time to question your religion.
Is this it?
“Indeed, they are the proverbial elephants in the room, thereby giving rise to a considerable irony: To wit, the GOP party of the elephant, which is supposed to be the palladium of financial rectitude in American politics, has forgotten about them completely.”
“… if you are still in the Wall Street casino, run don’t walk toward the nearest emergency exit.”
FED: ECONOMY TO `WARRANT FURTHER GRADUAL INCREASES’ IN RATES