The Blind Squirrel's Monday Notes. 2/20/23
That feeling when you realize that PIMCO's Personal Account dealing rules are stricter than the Fed's...
Summary
Last week’s CPI and PPI reports point to a risk of accelerating inflation. For now, equity markets do not care.
With the help of Jefferies strategist Dave Zervos and ‘Old Chestnut’ we contemplate how it is that the Fed has not broken anything yet in financial markets (or the real economy).
What is actually going on in China and how does it impact …