[edit] I may have misspoken in the post below. If my hazy memory serves I think I remember something about Powell not being a formally trained economist. But it does not alter the post’s points in the least. Jerome Powell is a trained economist. He presides over a committee of trained economists. Now, you may know that I don’t value the term “trained economist” much … Continue reading Powell Cuts, Trump Throws a Twantrum [w/ edit]
We noted yesterday that it is Fed Hype Week. A couple tough days for the market and the headlines are reinforcing the negativity. A single (and positive) payrolls report has instigated some market noise with the theme being a potential hawkish turn by the Fed after all that effort was put in to portray a dovish Fed. Ah, but of course, it was all just … Continue reading Powell Tips His Hand
One of the most disturbing scenes in the series Breaking Bad was when Todd shoots and kills a boy on a dirt bike after he witnessed Heisenberg, Jesse and Todd heist 900 gallons of methylamine. Jesse: “Todd, that Opie Dead Eyed piece of shit…” That is similar to the feeling I got after the Fed hiked the funds rate as expected, but then declined to … Continue reading Jerome ‘Dead Eye’ Powell
