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Hard to get excited for this with WTI Crude at $110 and nothing to stop oil prices and inflation besides demand destruction from a recession. A .5 hike is alre

Hard to get excited for this with WTI Crude at $110 and nothing to stop oil prices and inflation besides demand destruction from a recession. A .5 hike is already off the table for the March Fed meeting. To me it feels like we are racing towards a miserable stagflation environment with our stimulus tools never reloaded. Massively lagging data points look good though so we must be on the right path! I think it was Stanley Druckenmiller that said he made most of his money by betting that the Fed is always wrong. The older I get the more brilliant this strategy seems.

Analemma_ 5y ago
> To me it feels like we are racing towards a miserable stagflation environment Please stop this. Words have meanings, and you should not misuse them just because you want to add extra emotional valence to your post. "Stagflation" is when there is inflation even though there is no growth in GDP and/or employment. Right now there are massive gains in both, and while you could make an argument that the benefits of the growth are outweighed by the inflation, it is not stagflation in any sense, nor is stagflation likely to be on the horizon (if there is a recession, the demand destruction will cool off prices, especially as covid ends and demand flows back from goods to services)