The Beatings will continue until morale improves

Three quarters later, we’re still not making progress towards the pipe dream of a soft landing. Inflation has shown no real signs of slowing down; yet GDP numbers and the labor market still suggests the Fed is no where near the ‘pivot’ point. I’m at the point where I’m honestly wondering if achieving the terminal inflation rate of 2% is even possible. Also, the same problems persist in Europe, and they’re even further behind the U.S.

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