DJMT reports “the good stuff” from Fed Gov Bernanke:
“In the past few months, long-term interest rates have risen 100 basis points or more, equity markets have been subdued despite robust earnings reports, and the dollar has strengthened…The good news is that, because of the impact of private-sector expectations about policy on long-term rates, a significant portion of the financial adjustment associated with the tightening cycle may already be behind us.”
Nothing to see here folks! Move along please . . . Show’s over.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.