It's a symptom of being a fragilista. They have overarching axioms, models and tools that can solve all issues that humanity faces....... without actually knowing the truth: Not only are they are no more useful than ashtrays on motorbikes, they ...

Back in your central banking box please. You've demonstrated time and time again, that your remit needs to be as simple as possible.

because you've read "cuts" as "hikes". Reread everything and try again.

The worst central bank in the developed world, bar none. 90% of UK public do not understand the ramifications of that fact.

They *are* pivoting. Poor UK. Once a great economy. #sadface.

What a Hunt.

His health looks most at risk of his own inflation.

And there was me thinking the economics behind targeted inflation was really simple: A-Some inflation is the surrogate marker for there being sufficient cash finding investment... Investment is the cornerstone of employment and a growing economy. ...

But you have to connect your essay to price discovery. One is rational and the other isn’t.

For me the de risk will come after some high profile busts, not before. Risk managers have never use the fed put to grant portfolio managers larger trading limits... so I don't follow your argument.

Most managers are more subject to moral hazard: They will keep taking on risk until they're sacked.... After all they've got divorces and boarding school fees to pay. Humans don't make decisions to maximize utility... whether professional or ...

What volatility?? I've clearly missed it. Show me an unusually high average daily range and I'll buy you a pint.

And enter the final chapter of the MMT cooldown.... Higher taxes. Who would've thought printing money, throwing it away and then making everyone stay home and do nothing, would prove costly? This is what happens when you give too much power to ...

They have been consistently wrong all year. In fact, I don't ever remember them being right.

But is the cost of avoiding recession worth it? Why is it beauracrats can’t ask questions like that?

"what model you believe in" Models aren't meant for believing, they are are mere conversational/thinking on-ramps. Some are more useful than others in achieving that goal. All are de facto wrong.

Plateau is very bad news indeed. It suggests a sustained fast pace of price increases despite rate hikes. Knot… please DM me if you need this explained to you.

Global insolvency was avoided with artificially cheap money. Now that the tax payer funded (inflation and future tax rises) cheap money is being taken away, question is: Has the global insolvency problem been fixed? I'm thinking that this patient ...

Even if not "intented", at least a convenience for politicians that face an impossible task of feeding the ponzi. They raid the family silver whilst telling us the speed at which they do so is slowing down very gradually. Yay, happy times. Don't ...

If inflation stopped tomorrow…. It’s still bad news as the damage has already been done. Things have already been made unaffordable. For every month where inflation is higher than zero (let’s say 2%) it is very much a mission failed…. things have ...