Random Thoughts

Editor’s Note: Our team generates a lot of ideas and impressions, not all of which are worthy of a full essay. To empty our 2023 notebooks, here are quick perspectives on a range of topics.

  • Economists and bond markets are periodically at odds with one another. The distance between the two is pretty substantial at the moment: markets are expecting lots of cuts from central banks, while economists are more cautious. The battle between the two points of view will be something to watch as we start the new year.

projected central bank rates