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 https://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. https://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
https://twitter.com/WallStreetSilv/status/1466042292586921986
Omicron threatens to intensify supply shortages and inflation, OECD warnshttps://t.co/Wl5fzaJTNu pic.twitter.com/LbWAuyyyHE
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) December 1, 2021
L’inflazione in Italia non scherza@lauranaka @Altheaspinozzi
@AlessioUrban @INArteCarloDoss @carloalberto pic.twitter.com/DehUppatLT— Menthor Q (@MenthorQpro) 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 (@robin_j_brooks) December 1, 2021
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