Good morning … it would appear that Fedspeak … Something Appears to Be Giving - Remarks by Christopher J. Waller … I am encouraged by what we have learned in the past few weeks—something appears to be giving, and it’s the pace of the economy. Data for October indicated an easing in economic activity, and forecasts for the fourth quarter show the kind of moderation that is more in keeping with progress on lowering inflation. In addition, after watching core PCE inflation increase in September from its summer lows, the latest data showed inflation moving in the right direction in October, albeit gradually …
I've recently learned a lesson in NFL bubbles: being in the 'NorCal' area, after the SNF 49er beat down of 'deem BOYS', the niners going undefeated this season was all the rage....at which point I was getting that nagging feeling on the back of the neck....
And all this poppycock talk of Goldilocks, perfectly priced markets & rates of late, I'm getting that back of the neck feeling again....
That verbose Bloomberg write up regarding Market Liquidity seems too convoluted and complicated. I, w/a BIG h/t to Credit Bubble Bulletin, would like to offer a more elegant, simpler, rational equation:
BTFP (circa March 2023) =Market Liquidity (aka HELIUM)
I've recently learned a lesson in NFL bubbles: being in the 'NorCal' area, after the SNF 49er beat down of 'deem BOYS', the niners going undefeated this season was all the rage....at which point I was getting that nagging feeling on the back of the neck....
And all this poppycock talk of Goldilocks, perfectly priced markets & rates of late, I'm getting that back of the neck feeling again....
Will read soon...
Posting this:
https://www.dickmorris.com/why-hamas-invasion-is-turning-point-for-election-24/
That verbose Bloomberg write up regarding Market Liquidity seems too convoluted and complicated. I, w/a BIG h/t to Credit Bubble Bulletin, would like to offer a more elegant, simpler, rational equation:
BTFP (circa March 2023) =Market Liquidity (aka HELIUM)
Waller comments=Freudian Slip Up