But why not just borrow even more money while cutting taxes? After all, we are long past the point when anyone even pretends that the debt burden at the individual, corporate, state or sovereign level is sustainable or will ever be repaid.
"An explicit AIT policy would entail picking a specific time period over which PCE inflation is required to average 2% before beginning a policy normalization (hiking) process. This could require the Fed to remain on hold for 40 years."
A blockbuster auction just coming just two days before Powell's Jackson Hole webcast, indicates that virtually nobody has any concerns about a hawkish surprise out of the Fed.
The strong rally in Apple saw an abnormally strong "vol up-spot up" dynamic, that, over the past 10yrs, has almost never before been displayed to the same degree.
"That’s why the markets can listen to narratives that all is bad/good now and that all will be good/bad in mere months and just keep rallying anyway – because the narrative is being set elsewhere. "
Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison to make sense of a series of financial news stories -- from the so-called “K-shaped”…
"Ironically, I think the general public “gets it”. But our political leadership seems unwilling to fundamentally rethink the role of monetary policy in our economy."
