9 september. 100 dollar per fat. Vänstervridningen på Dagens Nyheter. Warsh.
Vänstervridningen på Dagens Nyheter. Hans Bergström Johan Lundberg 2026 Rolf Englund mars 1974. https://englundmacro.blogspot.com/2026/09/vad-galler-invandringspolitiken-har.html Warsh might yet be a good Fed chair. After his speech at the Jackson Hole Symposium, I am less pessimistic about the prospect than before. Difficult choices — difficult intellectually and politically — lie ahead. But his speech “In our time” was both clear and sensible — clear on the objectives of policy and sensible on how the Fed should conduct itself. An economy is not a machine, to be manipulated by wise technocrats in accordance with predictable rules. In addition, forward guidance creates a “hall-of-mirrors”: the central bank sees in markets not independent judgments but an image of its own statements, as participants shift from investing in their own judgment to following the Fed’s forecasts of what it will do. Martin Wolf Financial Times 9 September 2026 https://www.ft.com/conte...