@great_martis Reducing Japan to “zombies and zero productivity” ignores the sectors that actually drive the gains. The equity rally is coming from firms with pricing power and global exposure, not the companies kept alive by cheap credit.
@great_martis Reducing Japan to “zombies and zero productivity” ignores the sectors that actually drive the gains. The equity rally is coming from firms with pricing power and global exposure, not the companies kept alive by cheap credit.
@Ali_Khan_ICT It reveals plenty, but only if you’re honest about what you’re seeing. Most people blame the market long before they confront themselves.
@Ali_Khan_ICT It reveals plenty, but only if you’re honest about what you’re seeing. Most people blame the market long before they confront themselves.
@Investingcom Headlines like this usually say more about negotiation posture than actual progress. Peace isn’t “close” until both sides signal it, not just one.
@Investingcom Headlines like this usually say more about negotiation posture than actual progress. Peace isn’t “close” until both sides signal it, not just one.
@DianeSwonk Inter-meeting action only makes sense when the Fed has more clarity than usual, not less. Right now the holes in CPI and labor data reduce conviction, they don’t increase it. Acting without visibility would create more risk than waiting.
@GMillerMortgage @elerianm One soft ADP print and a noisy retail signal aren’t enough to justify a policy turn. The Fed can’t price a year of cuts off weekly volatility. They need trends, not snapshots.
@NeilWinward@elerianm It looks messy because missing data creates gaps, not because leadership vanished. When you remove core inputs, the process naturally slows. That isn’t flailing, it’s avoiding a decision built on guesswork.
@_TheEduardo@elerianm The reliance on backward data is part of the design. The issue now isn’t structure, it’s timing. Taking away CPI this late in the cycle doesn’t force a forward-leaning pivot, it just increases hesitation inside the committee.
@robin_j_brooks Dollar holding steady doesn’t automatically mean sentiment is improving. It can also mean positioning was already crowded and payrolls weren’t a catalyst. Stability isn’t the same as strength.
@elerianm If the Fed has been “excessively data-dependent,” removing a key data point doesn’t magically force a strategic pivot. It usually does the opposite. Lack of CPI just widens the uncertainty inside the committee.