1st class update Mr Blonde. Will let the others ask all the tough questions &, would simply add, I too, found myself once or twice too late at the bar with the wrong company but, was always thankfully rescued by the lights going back in before the closing 😂.
Love the content, always look forward to reading your thoughts. At what point will supply side inflation turn deflationary (unless we have more hard lockdowns), and will that be a positive for the market?
I.e, inflation eases into h1 next year if supply chains normalise and labour re-enters market pushing down wages and increasing unemployment. Given this backdrop can the Fed really afford to meaningfully hike rates?
Excellent. Well done
It's only 6 months old but it tastes like the finest aged wine.
1st class update Mr Blonde. Will let the others ask all the tough questions &, would simply add, I too, found myself once or twice too late at the bar with the wrong company but, was always thankfully rescued by the lights going back in before the closing 😂.
How can we reconcile the negative correlation of banks to the 12m change in Y/Y CPI vs. positive correlation to inflation swaps ? thank you!
Wonderfull!
Love the content, always look forward to reading your thoughts. At what point will supply side inflation turn deflationary (unless we have more hard lockdowns), and will that be a positive for the market?
I.e, inflation eases into h1 next year if supply chains normalise and labour re-enters market pushing down wages and increasing unemployment. Given this backdrop can the Fed really afford to meaningfully hike rates?