Wait for it...
Speaker notes for my 2023 Dirtnap Conference Speech (warning: lateral content)
Four big themes we are waiting on.
Seemingly independent, but all very important for inflation (and hence bonds, and hence the financial system).
When will we get:
a US Recession?
a Chinese Credit Reckoning?
a move on Taiwan?
the Rise of the Machines?
Well, we’ve gotten the tightening.
Plus confirmation that Powell is Volcker …
