Lots of folks grumble about the Fed. But think about it. They must have exponentially more data to parse than a few years ago. So, the Fed people can think probabilistically with much greater precision today. My Italian born grandfather (Calabria) used to make wine. I noticed there was usually some (mostly) subtle variation from batch to batch. When I go to the store today and buy wine, the same wine always tastes just like the one I bought last time. And the time before that. The world has become more precise in lots of ways.
Maybe A Soft Landing?
Maybe A Soft Landing?
Maybe A Soft Landing?
Lots of folks grumble about the Fed. But think about it. They must have exponentially more data to parse than a few years ago. So, the Fed people can think probabilistically with much greater precision today. My Italian born grandfather (Calabria) used to make wine. I noticed there was usually some (mostly) subtle variation from batch to batch. When I go to the store today and buy wine, the same wine always tastes just like the one I bought last time. And the time before that. The world has become more precise in lots of ways.