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American Consequences/Greg Diamond/1-19-2022
“So when we think about the current environment and what Jerome Powell and the Federal Reserve are saying they’re about to do (which is raise rates substantially), I’ve been focusing on the price action of the bond market. And it’s not lining up with the consensus. What do I mean by this?”
USAGOLD note: Unusual analysis, but something about it caught our attention and it centers around the word “volatility”…… The fact that he sees current Fed public posturing as a “bluff” also raised an eyebrow. Apparently, according to Diamond, the bond market – where the smartest guys in the room hang out – isn’t buying it.
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