Show notes:
TMSpotlight:
2.05.24 When Does A “Zombie” Stop Fighting?
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Another model’s breaking
Hard to take it over.
The Fed is finished raising rates, yet the fight between the Bond market and the Federal Reserve continues. Bonds see data showing slumping inflation and sagging growth, while the Fed sees firm Jobs and solid consumer confidence.
Both see the need for US borrowing. But how does it get financed? Both know the Fed must slow its selling of Treasuries or risk a liquidity crisis.
So, when will the fighting stop?
What’s in their heads, in their heads? Zombies
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Song: Zombie (1994) Cranberries
https://www.youtube.com/watch?v=6Ejga4kJUts