Dario Perkins
Recent Posts
2008 PTSD VS THE GHOSTS OF THE 1970S
31 Mar 2023 - Dario PerkinsCentral banks have been raising interest rates aggressively for just over a year. During that period – the fastest and broadest monetary tightening episode in history – investors have been anxiously waiting for.
Shorter and Less Variable
02 Feb 2023 - Dario PerkinsThere is a bull market in sellside economists predicting recessions. Ask any of them why they believe 2023 will produce an even worse macro environment than 2022 and you can be sure the words “long and variable lags”.
Things that won't happen in 2023
21 Dec 2022 - Dario PerkinsSince we first published our annual “Things that won’t happen” outlook in 2015, writing outlandish non-forecasts has become considerably more difficult. Back then, nobody would have taken us seriously if we had said.
Inflation was always the Endgame
04 Nov 2022 - Dario PerkinsThere is beautiful irony in macroeconomics, a sort of inherent Minsky dynamic, or universal Goodhart law, that means that just when everyone thinks something is definitively true, it turns out to be spectacularly false..
#Federal Reserve #Monetary Policy #Interest Rates #Recession #UnemploymentThe nightmare scenario for central banks
14 Jul 2022 - Dario PerkinsEvery investor wants to know whether central banks are prepared to cause a recession in order to force inflation down. Surely, officials are bluffing, right? But think about it from the central banker’s perspective..
#Central Banks #Monetary Policy #Eurozone #United KingdomA recession to tame inflation?
19 May 2022 - Dario PerkinsThere is currently a big debate about whether central banks will need to generate a recession in order to force inflation lower. For the doves, such action is not necessary – because the “cure for high prices is high.
#Central Banks #Inflation #Eurozone #RecessionDon't bet on a soft landing
10 Mar 2022 - Dario PerkinsEvery economist wants to be famous for some great idea they had or to have their name forever linked to an original economic concept or unique thought. We have Keynesian demand-management, Friedman’s monetarism,.
#Central Banks #Monetary Policy #Inflation #Eurozone #RecessionDon't extrapolate from this fake business cycle
13 Jan 2022 - Dario PerkinsEdgar Fiedler, who served as Assistant Secretary of the Treasury in the Richard Nixon and Gerald Ford administrations, famously joked: “Ask five economists a question and you'll get five different answers – six, if one.
#Central Banks #Monetary Policy #Inflation #Recession #RecoveryThe Sellside Guide to Christmas
24 Dec 2021 - Dario PerkinsThe Christmas blockbuster: For economists, Christmas is all about the big “Year Ahead” publication. Even though it’s obvious nobody actually reads these tomes (except, maybe, other sellsiders), they have to be really.
#Central Banks #Bank Of England #FX Market #Cryptocurrency #ChristmasHawkish markets to force global policy response?
04 Nov 2021 - Dario PerkinsA simple narrative is taking over financial markets, especially the short end of the yield curve, where the idea that central banks are “behind the curve” is rapidly gaining traction. Initially, it was just the emerging.
#Central Banks #Monetary Policy #Inflation