The battle against inflation has reached a critical juncture - basically the point at which initial victories if not followed up, or worse, lost, will absolutely lead to unsolveable predicaments you have seen in other parts of the world (Zimbs came to mind for me).
This is the TRUE face of Mad Max. Not the solemn, melancholic face of defaulted fraudsters, waiting for the next taxpayers handouts, no. The rule is still the same: GET AHEAD of the price actions or else, that means AT LEAST creating a 50-75bps MORE FUTURE Rate increases in the expectation, if immediate action was foregone. This is gonna get ugly or uglier.
The right enemy
5 years ago