John Silvia
John Silvia
dismissed months six
You could have dismissed it six months ago as a one-time hit,
bond continue discount fed gains growth higher inflation interest modest raises rates remain rise short traders trend
Inflation gains remain modest but they are gains. This suggests that interest rates will continue to rise as the Fed raises rates at the short end and bond traders discount trend growth and higher inflation at the long end.
average created demand domestic experience fewer historical increased jobs models policy predicted satisfied supply
Increased domestic demand is now being satisfied by supply from abroad. Fewer domestic jobs have been created than the average historical experience and predicted by the models used by policy makers.
This is more significant, ... it's a very big complication.