Here's the big question for 2023 as to how things play out.
Will there be a massive escalation in war which requires the "Fed to Pivot" or not by June?
The Eurodollar futures are convinced of it. LIBOR will be dead by then. /3
Will there be a massive escalation in war which requires the "Fed to Pivot" or not by June?
The Eurodollar futures are convinced of it. LIBOR will be dead by then. /3
If you listen to the people 'in the room,' folks like @strongeconomics, the push for war is a necessity.
While everyone wants the Fed to pivot to validate their myopic theories of domestic policy naval gazing, the reality is much starker...
Both Poszar and I are correct. /4
While everyone wants the Fed to pivot to validate their myopic theories of domestic policy naval gazing, the reality is much starker...
Both Poszar and I are correct. /4
Me: The Fed is trying to stop the march to war by aggressively raising rates and shutting down the money spigot, force a crisis onto the ED/OS markets.
Poszar: The Fed will be unsuccessful in stopping the war that is already here. The pivot is coming.
/5
Poszar: The Fed will be unsuccessful in stopping the war that is already here. The pivot is coming.
/5
Everyone else: Be careful what you wish for. Because you may get your pivot to save your misallocated sorry asses, but you'll do so because psychopaths took us to WWIII to save theirs.
/6
/6
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