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Tag Archives: record highs

Anesthesia Right On Schedule

In early January, much of the world was dazed and confused. What the hell just happened? Two weeks before, in the middle of December 2018, Jay Powell stood in front of the microphones confidently declaring his rate hikes justified by an extremely strong economy. Yet, even the stock market had turned against him. When the calendar changed to 2019, not even the Fed’s Chairman was so sure. What followed was merely the first step in what was always going to be a long, drawn-out process. It began...

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