Compulsions can be hard to resist
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Don’t Fight the Fed, But Don’t Lose the Thread
This is my first installment of a series of essays exploring global economic and financial themes. While many of these essays (including today’s) will focus on the U.S. Federal Reserve as one of the world’s major monetary policymakers, in future essays I will also offer my perspectives on the global economy and financial markets more broadly. My aim is to help readers extract signal from noise and spot emerging trends hidden in the gusher of economic and financial data that flood our inboxes and fill our screens every day. We’re concluding a turbulent year in U.S. and global financial markets – and a deeply ... (full story)