- The Fed is embarking on an almost Volcker-style campaign to slain inflation once and for all, but we think they are overdoing it and risk a hard landing.
- Inflation was caused by one-off events that have already reversed and things beyond the control of the Fed, which is hell-bent on restoring its credibility.
- Signs are everywhere that inflation is already coming down, watch for a retreat in Treasury yield for getting back into equities.
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Fed Risks Tanking Economy
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