The current U.S. administration is determined to squander the benign conditions it inherited. Federal Reserve officials were wise to avoid adjusting policy.| theovershoot.co
The risks are skewed in one direction: up.| theovershoot.co
Inventory accumulation is almost certainly being undercounted. Data center investment may also be undercounted. But there was still a substantial slowdown that could get worse.| theovershoot.co