Jerome Powell, Black Swan
"...the ultimate rate peak is likely to be higher than expected."
“I do it ‘cause I like it and I like it because you don’t.”
Every day there people who refer to me as a doomsday preacher, fear monger or simply an idiot running my mouth to try and sell subscriptions. Usually, it doesn’t bother me, but after Jerome Powell’s comments yesterday the fact is that now I really don’t care.
I’m convinced, in the words of Shakespeare, as quoted in 10 Things I Hate About You:
Let me explain my reasoning and why this blog post is different from the scores of other posts I’ve written, also replete with ska punk lyrics, 90s movie quotes and other CFA-level zero analysis I employ to try and explain my point of view.