the gap isn’t sitting still.” />
Agree on the direction -> the gap isn’t sitting still.
When expectations come down and the nominal rate doesn’t move, the real rate rises on its own. No vote taken, no press conference required.
The Fed doesn’t have to hike to tighten. It just has to keep not
Everyone loves comparing AI to dot com. Fine. Let’s actually compare them, instead of just yelling “bubble” at each other. Dot Com Was a Top Line Story The internet made it cheap to reach customers, so the gain showed up as revenue. Same inputs, more customers. 🛜 Connectivity. AI Is a Bottom Line Story AI…
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