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Macro and Prices: Sentiment Swings Between Inflation and Recession

(On vacation for the rest of the month.  Going to Portugal.  Commentary will resume on June 1.   Good luck to us all.)The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed for denying that a 75 bp hike was under consideration. Bank of Japan Governor Kuroda was blamed for keeping the 0.25% cap on the 10-year Japanese Government Bond yield. Even though European Central...

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R.I.P. Carol K.

We are extremely sad to report our beloved Carol K. passed in her sleep at home early Friday morning. She had been home only ten days after 345 consecutive days in the hospital, recovering from a stem cell transplant, among other comorbidities and complications. Anyone who followed her Twitter account knows she was a wonderful person. She was always cheerful and uplifting, even while suffering in great pain. She would even Tweet out uplifting affirmations just minutes before major and...

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