More circumstantial evidence for the effect of a sudden pop in markups on the current inflationary surge. @SoberLook thedailyshot.com/2022/06/28/bus… https://t.co/HBcYTT0gXM

As US financial markets have come to expect a much more severe Fed tightening cycle, inflation expectations have drifted significantly lower. Faith in the Fed

Oh for the love of god … or perhaps that should be “oil" .. Biden turns to MBS and now …. Macron (for fear of