Hawkish Fed My Last Longer Than Many Think- David Stockman
Wall Street now thinks that the Fed’s tightening phase will be over by December and that the battle against inflation has been won- Dream on!
The crazy thing, of course, is that Wall Street now thinks that the Fed’s tightening phase will be over by December and that the battle against inflation has been won, thereby enabling a new round of rate-cutting and soaring stock prices. Dream on!
Here Is What Stagflation Looks Like
