Fed Credibility, Weak Demand in China, Battery Forecast, More – MishTalk

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“The real problem that we face is weak demand,” according to Yu Yongding.

“If that’s the case,” he continues, “what policies should we adopt? It’s simple – an expansionary fiscal and monetary policy.”https://t.co/W4mfC5y9Ce via @scmpnews

— Michael Pettis (@michaelxpettis) November 22, 2023

This is so typical. “At some arbitrary horizon, we’re going to forecast a fairy tale outcome that is politically desirable/opportunistic.” I’m not blaming Bremmer here – I’m blaming GS. https://t.co/CMkfEB3qYA

— Tony Nash (@TonyNashNerd) November 20, 2023

The Fed faces a serious credibility challenge in ’24 no matter what path they take:

* Keeping rates steady on inflation concerns will have them viewed as too hawkish.
* Easing with the curve into an already tight economy, creates medium term inflation risks. pic.twitter.com/FxJMTBPlgd

— Bob Elliott (@BobEUnlimited) November 22, 2023

REMEMBER—Alan Greenspan had Ayn Rand attend his swearing-in ceremony in 1974 when he became President Ford’s Council of Economic Advisers chairman, before he later became Fed chairman. Once Greenspan got into power, he abandoned those ideas. Let’s see what power does to Milei. 👀 pic.twitter.com/vHTEQIb5tX

— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) November 20, 2023

If you are looking for a catalyst that will wipe out a large number of fleets – Congress could deliver.

Single truck owner operators should benefit greatly, as well as large enterprise “mega” fleets.

Small and mid sized fleets, unfortunately, often lack the leverage to collect… pic.twitter.com/2NGQZnkBcD

— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) November 17, 2023