Bill Dudley Has Some Advice For The Fed: Tell President Trump He’s On His Own
“Central bank officials face a choice”.
“Central bank officials face a choice”.
A stark assessment, to be sure.
The bond rally may have new life.
“The three weeks since our July FOMC meeting have been eventful”.
“We have not changed that baseline view”.
We’re gonna need more “insurance”.
Dream, meet reality.
“… it should have happened a long time ago”.
“Their panicking and flailing is palpable”.
The combination of relatively tight Fed policy and a resilient dollar acts as a boa constrictor.
“Those returning from summer holidays have had a bit of a shock”.
“This one is different in that it’s not filled with the same sort of speculative froth, but it’s still ominous”.
The bad vibes are proliferating.
“A significant deterioration in the outlook”.
If it’s foreboding economic indicators you’re looking for…
“Why is that ‘clearly they’re manipulating”?
Fingers crossed. “Thoughts and prayers”.
That’s “pretty awful”.
Potentially, there’s a long way to go yet.
There’s little here to suggest the malaise is likely to clear.
The wait is almost over.
We need to reflate with more “vigor”.
Whistling past the graveyard since 2009.
“Last but by no means least”…
This is either good news, or bad news or both – depending on your perspective.
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