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JA Profile picture
JA
@AitkenAdvisors
Less is more. Especially here.
Aug 20, 2023 • 7 tweets • 1 min read
#fed
#macro
#rates
#bonds

(Travelling)

Thread 🧵 1/n

Lots of commentary on this obvious steer: obvious as in pre JH; but also obvious as it is what rates markets have reluctantly, belatedly been pricing. 2/n

Wicksell never spoke of the neutral rate, rather the natural rate

As the great Denis Robertson wrote (Essays in Monetary Theory, 1940):
Nov 24, 2021 • 9 tweets • 1 min read
Client exchange 3 weeks ago🧵:

'For six months now, it seems an entire community of central bank watchers has been arguing over how to calibrate the next handful of basis points in core PCE etc, so that these central bank watchers can call the turn. Have too many central bank watchers become complacent after years of endless if necessary spoon feeding by central banks?