Modern-hawkish, not Volcker-hawkish.
Ah yes, and you’ll hear the first tidbit about the soon-to-be-infamous WOLF STREET beer-mug shortage.
“So far so good. But we have to be nimble here, these are big numbers.”
Americans are having to pay more to get less.
The market is broken. “Raging mania” rules.
But it’s a lot worse than it appears.
This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
“Inflationary pressures pose increasing price risks to Treasuries & stocks” as the Fed will react.
Paying even more to get even less. Exactly what American consumers need the most in these trying times.
The majestic inflation overshoot has arrived.