Moving The Goalposts / What Inflation? / Andrew Carnegie / UFC 245: Cooperman vs. Warren? / GSE Update: Calabria at American Action Forum

Kaoboy Musings 12 -11/5/2019

Moving The Goalposts

In Kaoboy Musings 5 (10/3/19), I posed the question: “Is ‘bad’ once again ‘good’?”  I was referring to the notion that “bad” economic data might be interpreted positively by the market on the notion that a once hawkish Fed might be convinced to become accommodative in the face of economic weakness.  After last week’s FOMC meeting on …