The documentation of Hassett's intellectual pivot is pretty damning, especially that shift from "unabashed free-trader" to tariff cheerleader. What really gets me is the COVID death projection to zero by mid-2020, that kind of model manipulation isn't just bad forecasting, it's policy malpractice when lives are at stake. I worked adjacent to some Fed watchers during the last rate tightening cycle, and the consensus was always that political pressure on monetary policy erodes credibility way faster than it delivers short-term gains. If he gets the chairmanship, expect markets to start pricing in inflatioin risk premium almost immediatly.
I looked at gas buddy last week. At least in Denver there were 3 gas stations below 2,00. Not the case where I live. I got gas for 2.39. But the prevailing price is 2.49 this has nothing to do with Trump of course. There is not as much demand for gas right now
The documentation of Hassett's intellectual pivot is pretty damning, especially that shift from "unabashed free-trader" to tariff cheerleader. What really gets me is the COVID death projection to zero by mid-2020, that kind of model manipulation isn't just bad forecasting, it's policy malpractice when lives are at stake. I worked adjacent to some Fed watchers during the last rate tightening cycle, and the consensus was always that political pressure on monetary policy erodes credibility way faster than it delivers short-term gains. If he gets the chairmanship, expect markets to start pricing in inflatioin risk premium almost immediatly.
Excellent post, Steve.
I looked at gas buddy last week. At least in Denver there were 3 gas stations below 2,00. Not the case where I live. I got gas for 2.39. But the prevailing price is 2.49 this has nothing to do with Trump of course. There is not as much demand for gas right now