The Fed maintaining it’s not generating inflation is laughable. What’s tragic is Powell knows it but can’t acknowledge it. In his first Jackson Hole pre-Pivot speech he recognized financial excesses not inflation catalyzed last 2 recessions
@Quillintel
@SoberLook pic.twitter.com/gJyLn8y8qA— Danielle DiMartino Booth (@DiMartinoBooth) February 8, 2020
Updating my progress report charts – following every easing cycle, money growth and housing always pickup BEFORE the #ISM does. It is not different this time. #macro #PMIs #housing #Fed #earnings $SPY pic.twitter.com/ZrZIxSDYRD
— Michael Kantrowitz, CFA (@MichaelKantro) February 7, 2020