
Doctor Copper’s Bitter Medicine Today
So the Fed has stated its goal to inflate, but it does not happen in real time. There had to be a reason for the Fed to turn into a dove. That reason was as belabored, an economic turn as reflected in bond yields. Meanwhile, USD is the object of the Fed’s scorn but it is getting a classic flight to liquidity bid post-FOMC, as … Continue reading Doctor Copper’s Bitter Medicine Today