Food

A place to share what you're cooking and eating on Farcaster.

Arthur Hayes New Essay “Sugar High”

Why JAYPOW's rate hike will not be enough ... but he will bring the real food in due time.

> The price of money is like the Snickers bars you consume to get a quick glucose boost. 

> The quantity of money is like the slow, long, burning “real food.”

> The US economy is not hungry for rate cuts, but Powell will provide the sugar high anyway. 

> Powell and Yellen will provide “real food” in some form of Fed balance sheet expansion very shortly to counter the effects of a strengthening yen.

Source:

Arthur Hayes New Essay “Sugar High”

Why JAYPOW's rate hike will not be enough ... but he will bring the real food in due time.

> The price of money is like the Snickers bars you consume to get a quick glucose boost. 

> The quantity of money is like the slow, long, burning “real food.”

> The US economy is not hungry for rate cuts, but Powell will provide the sugar high anyway. 

> Powell and Yellen will provide “real food” in some form of Fed balance sheet expansion very shortly to counter the effects of a strengthening yen.

Source: https://cryptohayes.substack.com/p/sugar-high