SPECIAL NOTE: Zoltan Gave us a Clue on the Current Situation
The Monetary Bullwhip
Zoltan's Clue on the Current Situation
If you are trying like we were, to get a better handle on the conflicting econ. data and the Fed rhetoric accompanying it; this comment may help, in all humility.
Synthesizing work of Zoltan, Zerohedge on bullwhips1, and TS Lombard on Fed policy transmission times we asked the following:
Why is monetary data giving mixed signals on the economy?
Are we in a recession or not?
How can inflation be so high if the data is so conflicting?
We surmised the following:
Also: JPM on Oil, Hartnett’s Flow Show, GS on commodities… more
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