The last four weeks have seen the most deliberately belligerent rate stance from officials since 1994. Yet, during those same weeks the 2-year note, the Treasury security most sensitive to alternative policy rates, has largely dismissed all that. Why?
"This was an interesting week, in which it seemed that equity investors finally and abruptly got the message that high inflation is bad for the market."
Today’s central banks are willing and able to tackle the problem
“The Prussian Monarchy is not a country that has an army, but an army that has a country”
"Peace, the charm's wound up."
"It’s easier to fool people than to convince them that they’ve been fooled."