Alternative Path

[gdl]

NY Fed chair just announced there will be a rate cut in 2024. Called the recent blip in inflation insignificant. Glad they know the future with such certainty. If true we spike much much much higher. Sky s not the limit.

What can possibly go wrong? I suggest they stop posting economic data showing once we already know what will happen. Like the mass analytical conclusion that a silly pandemic will not disrupt our economy or profits. Once the street realized they will create the biggest debt increase in a short period it was all cheer. You see it never matters how much debt is out there as long as disinflation is with us.

Me I called for inflation before we got the spike and have insisted ever since we have shifted to a 40 year cycle of recession inflation. Granted we can’t survive another 40 year cycle so we crash and truncate it instead. .