I always enjoy reading your posts and am tempted to comment on a few points, but will limit myself to your conclusions regarding "Previous mistakes: They will be watching all the things they got wrong - fiscal stimulus, the composition of inflation, the potential for another taper tantrum."
You are perhaps thinking too logically. History has repeatedly demonstrated that they learned nothing from their prior actions. They do A and think it results in B, whereas anyone not in their echo chamber of pathological narcissistic ignorance realizes that A results in an inherently complex feedback loop that defies economic models that only work in an academic world that bears little resemblance to reality.
Feels like the 2nd derivative of bad vibes has peaked and things are gonna be alright.
"Inflation could be easing. The labor market is still okay. The Fed might not have to go full fast and furious mode."
Thank you Kyla!
I always enjoy reading your posts and am tempted to comment on a few points, but will limit myself to your conclusions regarding "Previous mistakes: They will be watching all the things they got wrong - fiscal stimulus, the composition of inflation, the potential for another taper tantrum."
You are perhaps thinking too logically. History has repeatedly demonstrated that they learned nothing from their prior actions. They do A and think it results in B, whereas anyone not in their echo chamber of pathological narcissistic ignorance realizes that A results in an inherently complex feedback loop that defies economic models that only work in an academic world that bears little resemblance to reality.