ERIC WORKMAN

Father of 3 girls from the Philly burbs. Enthusiast of sports, beer, food, poker, financial markets, and all things fun!

[ERIC WORKMAN @eric_workman]

@dampedspring Good luck. I fear you may be early

[ERIC WORKMAN @eric_workman]

@BillAckman Probably wrong but perhaps right. It’s an interesting hypothesis and this does seem like an unprecedented circumstance, m generally it’s not different this time,it’s worth being open minded but I’m skeptical. bigger issue is higher rates don’t stop the government spending spree.

[ERIC WORKMAN @eric_workman]

@DerivativesDon Inflation has been a problem for far longer than Iran war been going on. Powell never should have cut so much last year. 25 bp hike will not be anything close to a policy error, at worst it becomes and “insurance hike” that wasn’t necessary.

[ERIC WORKMAN @eric_workman]

@ces921 Fed can’t fix this with rate hikes. Maybe not even with balance sheet. Government spending gonna have to slow, and good luck with that.

[ERIC WORKMAN @eric_workman]

@dampedspring It’s difficult to argue that they have not done all of those things. The impetus and intent can be debated, but regardless of the reasons, the statement is accurate.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 @AnnaEconomist Or….they don’t really care they just want higher asset prices!

[ERIC WORKMAN @eric_workman]

@DannyDayan5 It’s also destroying risk appetite and liquidity. Really unhealthy for markets, all of this #FakeNews

[ERIC WORKMAN @eric_workman]

@Bighugh53 I liked it!

[ERIC WORKMAN @eric_workman]

@wesbury Tight based on what metric?

[ERIC WORKMAN @eric_workman]

@DannyDayan5 @acllc2 You’re right of course, but you know how these macro narratives grow. And additionally the fed has vowed to the markets will numerous times in the past decade or so.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 @acllc2 A large part of the macro community just believes Warsh won’t hike. He is trumps guy after all and he has largely been in favor of lowered short rates. That said, the bar for a cut currently is exceptionally high, IMO.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 I think if Iran isn’t cleared up they go in September. Market seems to think it’s more likely they wait until 2027, not sure why they would though.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 @commbankerguy September if this is still going on

[ERIC WORKMAN @eric_workman]

@DannyDayan5 Transitory! Iran wants a deal very badly.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 @rev_cap On a long enough timeline everything is transitory

[ERIC WORKMAN @eric_workman]

@stoolpresidente Philly scumbag here, we’re in the same boat!

[ERIC WORKMAN @eric_workman]

@DannyDayan5 And then if and when the Iran affair actually ends they’ll be calling for immediate rate cuts.

[ERIC WORKMAN @eric_workman]

@DannyDayan5 Gonna keep getting looser with each subsequent opening of the strait.

[ERIC WORKMAN @eric_workman]

@KlendathuCap You obviously missed out on Ricky Stanicky

[ERIC WORKMAN @eric_workman]

@DannyDayan5 It's interesting, as they are keeping assets going higher and bond yields in check. Meanwhile currency and gold is telling you that the more they think they are in control the more control they may be losing. Let's see how it plays out, I'm ready for some volatility.