Proud dad, humble investor. https://t.co/AYECktcTgE https://t.co/eWkFyOCBxH
Kashkari suggests taking the foot off the accelerator is akin to writing off workers: "The vast majority of Americans want to work, and I am not ready to write them off..."
the "belly of the curve" visualized Pre-FOMC and post FOMC curves: higher rates in nearer years, lower rates further out, with some arguing this suggests more rates hikes earlier, then lower rates later.
Powell in hearing confirms in an answer to a Q individuals will “eventually” require unique digital IDs for the use central bank digital currency
When you've had a broken leg, what do you do when the cast comes off? A) Gradually get back in shape; or B) eat sugar, then race as if there's no tomorrow? If you are a central banker, the answer is B, it appears. Here's just the latest side effect
When businesses re-open, they'll higher essential employees [your call whether that's a pun], but wait to re-hire full pre-covid staff until revenue come back; more likely, bruised, they'll run on leaner staff. As such, a V-shaped recovery doesn't appear plausible
Oktoberfest: 6 million expected, cancelled (in comparison: 10 million were expected to attend the Tokyo Olympics). Today, it was announced that the Oktoberfest was cancelled. Understandable and expected, but a symbol of the economic shocks reverberating
@greg_ip If we bail out shale, why do we wonder the young embrace socialism? There's nothing systemically important about shale producers. If they go bust, creditors take over and can continue operating (or mothballing) them. Sure, bail them out if you want to kill capitalism.