There is a painful cycle of revenge, provocation and absolute animal cruelty taking place in this part of the world and it has always been thus. Investing for your own future cannot await its end.
Barry’s new piece for Bloomberg is really good. I had a good laugh at this section: Inflation Expectations Surveys Are Useless The world is more complex, random and global than ever before. Multiplying unknowns have made economic forecasting even more difficult. But for hilariously wrong predictions, nothing beats surveying random people about where they think inflation will…
The FOMC’s decision to hike interest rates last week will look considerably more ridiculous
Now imagine you sell mortgages. Or luxury residential real estate.
Then, and only then, when the world is normalized, can the beatings end.
Take a picture, you may never see anything so obviously about to happen ever again. A child could have foreseen it.
July CPI and the reaction of the markets
Most of the blame goes to those at the top of the list…
I don’t know how and when this all translates into CPI or PCE inflation stats in the coming months, I just know that it will.