For the last few weeks I have been ranting about some political nonsense or the other without keeping to my stated goals of writing interesting, thought provoking Substacks. Well that little digression is over and it’s back to the formula. Originally, I was going to write about Jerome Powell and his renomination. My thinking was simple. He hasn’t done a bad job at all and most people feel he has done pretty well navigating some very unusual circumstances. I think his belief about “transitory” inflation is misguided and that belief is not helping the situation but his reticence to raising rates to combat inflation may ultimately be a smart move. Markets seem to think so and who am I to argue with the thundering herd?
Back on Track
Back on Track
Back on Track
For the last few weeks I have been ranting about some political nonsense or the other without keeping to my stated goals of writing interesting, thought provoking Substacks. Well that little digression is over and it’s back to the formula. Originally, I was going to write about Jerome Powell and his renomination. My thinking was simple. He hasn’t done a bad job at all and most people feel he has done pretty well navigating some very unusual circumstances. I think his belief about “transitory” inflation is misguided and that belief is not helping the situation but his reticence to raising rates to combat inflation may ultimately be a smart move. Markets seem to think so and who am I to argue with the thundering herd?