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A Bloomberg guest suggests it’s a mistake to raise rates as we are facing a supply shock.

"Raising rates" is too simplistic:

The Fed is “removing a dose of accommodation”, i.e. moving to a tightening bias rather than easing bias - this is not a sledgehammer hiking cycle.

A Bloomberg guest suggests it’s a mistake to raise rates as we are facing a supply shock.
“Raising rates” is not what the The Fed is “removing a dose of accommodation” - big qualifier to “raising rates” as it implies a tightening bias rather than easing bias, not a sledgehammer

Bloomberg analyst (ie someone several layers removed from managing money) suggests “unlimited” access to capital for top rated hyper scalers.
I would like to add I’ll believe it when pigs can fly; except after last night’s demo, that might actually happen some day 😳

Forward guidance of a different sort. 🤷‍♂️

On the backdrop of a hot PPI (and yesterday's hot CPI), Stephanie Roth points out that financial conditions have tightened, signs businesses and consumers are affected.
-> no urgency to hike as tightening works through the system
@BloombergRadio

I frequently get asked about what happens should/when the AI bust comes...
Given the boom was in part driven by tons of debt, odds are that rates would come down more than after the dot-com bust where the boom was equity fueled.
However, the next Q is: will there be bailouts? 1/

Europe's populist right used to be shunned by the mainstream media. Now, France's Marine Le Pen gets a featured front-page interview in the @FT.

The so-called "firewall" has burned down.

ft.com/content/73cfaf…