Hartnett: AI = Universal Basic Income = Fed Yield Curve Control To Fund Bigger Deficits

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by Tyler Durden
Sunday, May 21, 2023 - 03:15 PM

Over the past two months, the more the market melted up, the more bearish BofA chief investment strategist Michael Hartnett turned (or maybe it's the other way round), on not only a long-term but also medium and short-term basis as the following sequence of posts reveals:

... before it all culminated last weekend with an elephant dose of cynicism in "If The Debt Ceiling Kabuki Ends In Market Panic, Then Fed Does QE", in which Hartnett's "zeitgeist" quote was an post-modern nihilist spin on War Games with what may arguably be the best advice for traders today: "The best macro trade right now is no macro trade."