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4min chapter
No Capitulation Necessary
The Compound and Friends
The Fed Is Trying to Keep the Economy Growing
The Fed is trying to bring about a short shallow recession to prevent a worse case scenario later. The price level in general is not coming back down the burger at your local restaurant that was 14 and is now 18 is probably not going back to 14. How much of this is supply driven? There's wide estimates call it. Let's just make it up and say it's 50 50 Yeah, a lot of this issupply chains,. which we know of normalized you've talked about shipping rates Ships at port that dwell times all of that is moved in the right direction But the other side of this is we have an extremely tight labor market And they're looking at this and saying there's
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