Meet the new boss
Feb 17, 2023•52 min
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Episode description
Jobs report, check. Inflation report, check. Retail sales, check. Three key pieces of economic data for the month of January came out over the past week and all of those signs point to a strong economy; meaning inflation has not cooled at all. Now, hindsight 20/20, the 25 bps hike last meeting now seems weak and cowardly. The contrarian view, however, is that government interest expense is pushing $1 trillion while personal credit card debt is also nearing that benchmark. Maybe it makes sense, idk I'll ponder it over a bottle of whiskey.
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