Macroprudential Escape From Transience: Trust Sources, But Verify Data
“Fed Must Communicate When Policy Aimed at Financial Stability vs Monetary Policy Goals” (@Kathleen Hays)
Summary:
· Despite compliance, Iraq is not a member of the OPEC+ “October Surprise” movement.
· Trusted Sources, and Communicators, are liberating the Fed’s “Prisoners of Transience”.
· Trusted Sources, and Communicators, are, also, rescuing the Fed’s lost guidance tool.
· The Fed signals an intended macroprudential easing, “in lieu of an inflation-challenged monetary policy easing”, through a Trusted Source and a Trusted Communicator.
Extracts
· The “October Surprise” is likely to be withheld OPEC+ supply until Trump is elected.
(Source: the Author)
· The correlated CIOgnitive dissonance about the US Dollar, and Gold affirms the view that the former is the global reserve medium of “unsanctioned” commercial exchange but not the global reserve of economic value.
· The “CIOgnoscenti” has, so far, missed the key signal that the Fed intends to lead a developed central bank wave of macroprudential policy easing, in lieu of inflation-challenged monetary policy easing.
· The recently reported poor US bank earnings season signals that it is time for macroprudential policy easing.
(Source: the Author)
· “The CIOgnoscenti” have called the case for a Fed macroprudential easing, in lieu of an inflation-challenged monetary policy easing, Stagflation.
· Stagflation is what Key Signals referred to as “Shrinkflation”.
· Dimon’s Stagflation call is an echo of the recent poor bank earnings season.
· The Fed can claim that a macroprudential easing is data consistent rather than a banking system bailout.
(Source: the Author)
