2023:  Inexorable and Immanent? (January 2, 2023)

. . .

K          “The Fed is caught between a rock and a hard place.”

J          “The Fed is caught between a hard place and a rock.”

. . .

K          “Uneasy.  Very uneasy.”

J          “Not easy.  Very not easy.”

. . .

K          “The excitement I expected in 2022 looks like it festered and percolated last year.  This year the festering and percolating brew may explode with consequence.”

J          “It could be consequential.”

. . .    

K          “Is this the year?”

J          “They will manage to punt making any big decisions and kick the can down the road and limp the economy along.  They always do.  At least so far.  To date.”

. . .

[See the e-commentary at Twenty Sixteen (January 4, 2016) and The Great Checkmate And The Great Seesaw: Interesting Rates (April 11, 2022).]

Bumper stickers of the week:

Lord, give me coffee to change the things I can change and wine to accept the things I can’t.

Coffee and friends:  A perfect blend.

Wine improves with age.  I improve with wine.

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