After Jackson Hole, the big question is not whether the Fed will cut rates, but by how much

 


The market is betting on a hard-landing response to a soft landing; data might not confirm that.

Free markets tend to go too far in both directions, and there’s nothing we can do about it. 

Conflicts in Gaza and Ukraine are reaching the point where markets can’t keep ignoring them.

John Authers 26 August 2024

https://www.bloomberg.com/opinion/articles/2024-08-26/milton-friedman-s-monetary-shower-scene-is-back


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