What if grand bond market/inflation drama is overdone? What if inflation surprises to downside & Fed raises rates slowly? Until quite recently, markets have evinced consistent upward bias in rate expectations. Will hawks be frustrated again? @rbrtrmstrng
ft.com/content/3bf4af… https://t.co/KEvFmQ3SJa
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v.
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v. Russian attack. See Chartbook Newsletter