yeah, I 'm just trying to say that the tech companies are responding to stimulus in real time versus the Fed, which is responding to a lagging indicator with policy that take effect with a lag.
I guess tax cuts would be dis-inflationary eventually, insomuch as the private sector will invest and expand supply. Shorter term it sounds more like Erdogan's theory that lower rates=lower inflation
Highly skeptical that tech guys are firing people because they have some amazing foresight. The values of their companies is collapsing.
FT this weekend highlights another aspect of Liz truss: she says tax cuts lower inflation and proposes a nice slug of them. Could be interesting for rates.
yeah, I 'm just trying to say that the tech companies are responding to stimulus in real time versus the Fed, which is responding to a lagging indicator with policy that take effect with a lag.
I guess tax cuts would be dis-inflationary eventually, insomuch as the private sector will invest and expand supply. Shorter term it sounds more like Erdogan's theory that lower rates=lower inflation
Highly skeptical that tech guys are firing people because they have some amazing foresight. The values of their companies is collapsing.
FT this weekend highlights another aspect of Liz truss: she says tax cuts lower inflation and proposes a nice slug of them. Could be interesting for rates.