My Cromford access has been restored. I can now bore you with housing statistics.
The Fed will burn down everything until they get inflation under control, no asset is safe.
From WSJ:
The overall tone of the minutes suggests “the Fed upgraded the inflation problem to a five-alarm fire,” said Omair Sharif, an economist and head of the advisory firm Inflation Insights LLC.
As a result, the minutes also revealed officials’ growing acceptance that fighting inflation might lead to higher risks of a recession, but they saw that as “a cost they’re willing to pay,” said Michael Feroli, chief U.S. economist at JPMorgan Chase.
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