An impressive rally, but this is nothing that hasn’t been tried (and failed) many times now.
Brian McCarthy
Breaking the Bank of Japan?
Thursday, June 16, 2022
Yield curve control is killing the yen, not because it’s failing but because it’s working.
On Inflation, If You Don’t Study History...
Monday, June 13, 2022
...you’re doomed to think we’re repeating the mistakes of the 1970s now. We’re not.
The Myth of China’s Lockdown
Thursday, May 26, 2022
Choose among inflationphobic narratives. They’re all wrong.