In lieu of lag effects of rate hikes having fully manifested themselves yet the great tightening cycle has so far been an illusion as the system remains flush with historic liquidity with half a trillion dollars added this year:t.co/Lw4Fx9wI3o
— Sven Henrich (@NorthmanTrader) June 12, 2023
And now the Fed wants to pause with the next FOMO greed liquidity driven market in full gear & loose financial conditions all around them.
And if this doesn't get us to our inflation target we don't know what will.
Please. t.co/Yd5bu8bXWo— Sven Henrich (@NorthmanTrader) June 12, 2023
And thus concludes the great monetary tightening cycle to combat inflation by slowing growth & wringing out the previous excess.
Note: Q1 data. pic.twitter.com/cqP6JuzbXc
— Sven Henrich (@NorthmanTrader) June 12, 2023