The Two-Per-Cent Solution

Without much new news to discuss this morning, I thought it was a good time to discuss something that seems to have been lost in the haze of the Goonspeak.

Just yesterday, Goon Kashnkari emphasized his delight in seeing the equity markets fall, all in sympathy with The Fed's attempt to "work within their mandate of 2% inflation". You hear this a lot lately from all the Goons. "The Fed's mandate for stable prices" and "getting inflation back to a long-term average of 2%". OK, fine. Have at it. But there's a MAJOR part of this discussion that is conveniently avoided....the cost...

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Key Economic Events Week of 10/3

10/3 9:45 ET S&P Manu PMI
10/3 10:00 ET ISM Manu PMI
10/3 3:10 ET Goon Williams
10/4 10:00 ET JOLTS
10/4 10:00 ET Factory Orders
10/5 8:15 ET ADP jobs report
10/5 9:45 ET S&P Services PMI
10/5 10:00 ET ISM Services PMI
10/6 8:50 ET Goon Mester
10/7 8:30 ET BLSBS
10/7 10:00 ET Goon Williams
10/7 11:25 ET Goon Kashnkari

Forum Discussion

by ag1969, Oct 3, 2022 - 7:25pm
by argentus maximus, Oct 3, 2022 - 12:16pm
by argentus maximus, Oct 3, 2022 - 8:32am
by Fish, Oct 1, 2022 - 8:36pm