Mohamed A. El-Erian: Powell’s “transitory” error will require a rapid catch-up that could easily destabilize markets and the economy. It didn’t have to be this way

Powell's "transitory" error will require a rapid catch-up that could easily destabilize markets and the economy. It didn’t have to be this way, writes @elerianm t.co/nJuJsON5jv

— Bloomberg Markets (@markets) December 1, 2021

Bulls, it's a good Omnicom day, enjoy while it lasts, the Fed is now reading Zerohedge.

They'll return to the deflation paradigm after we're limit down a few times.

Citigroup posits a DOUBLING in taper. Meaning QE ending March followed by rate hikes. t.co/Zn6pKjpk9p pic.twitter.com/xtTH2I4Wyk

— Mac10 (@SuburbanDrone) December 1, 2021

Truly Disastrous Inflation Is Closer than You Think — and This Chart Proves It

In the 1970s it required 20% interest rates to stop 14% inflation.

What will it take this time? t.co/pciiyeckco

— Wall Street Silver (@WallStreetSilv) December 1, 2021

Omicron threatens to intensify supply shortages and inflation, OECD warnst.co/Wl5fzaJTNu pic.twitter.com/LbWAuyyyHE

— Tracy (𝕮𝖍𝖎) (@chigrl) December 1, 2021

L’inflazione in Italia non scherza@lauranaka @Altheaspinozzi @AlessioUrban @INArteCarloDoss @carloalberto pic.twitter.com/DehUppatLT

— Gianluca (@Theimmigrant84) December 1, 2021

There's currently 3 major developments weighing on EM: (i) most obviously the Omicron variant, which comes on top of a big COVID wave in Europe; (ii) accelerated Fed tapering to be announced Dec. 16; (iii) huge Turkish Lira devaluation, which risks spilling over into other EM… pic.twitter.com/zdClvb7ywy

— Robin Brooks (@RobinBrooksIIF) December 1, 2021