Fed Watch: When They Call for the Bailiff You Know You’re Winning

Fed Watch: When They Call for the Bailiff You Know You’re Winning

You may ask yourself, “What is that beautiful house?”You may ask yourself, “Where does that highway go to?”And you may ask yourself, “Am I right, am I wrong?”And you may say to yourself, “My God, what have I done?”— Talking Heads, “Once in a Lifetime” In the face of the Fed’s intransigent hawkishness we are…

None Dare Call it a Recession Lest the Democrats Lose the Mid-Terms

None Dare Call it a Recession Lest the Democrats Lose the Mid-Terms

When all you have left is managing narratives, managing narratives becomes a full time job. This is where The Davos Crowd is today– just before the next Fed rate hike and just over three months out from the US mid-term elections. It doesn’t matter the subject anymore, everything is managed, massaged, wheedled or cajoled into…