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Rabobank: Welcome To The Mismatch Economy, The Implications Are Huge

Rabobank: Welcome To The Mismatch Economy, The Implications Are Huge
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Dallas Fed President Spooks Stocks Again; Doubles-Down On Taper Comments


by Tyler Durden
Thursday, May 06, 2021 - 10:36 AM
Less than a week after Dalla Fed president and Former Goldman partner, Robert Kaplan sparked a selloff in markets when he pointed out the obvious saying that we have real excesses int eh housing market and said that rates should start rising in 2022, moments ago he sparked another dump in stocks when after several days of carefully worded statement by Fed officials, the non-voter expressed his desire for tapering to start soon, saying the Fed should start the taper debate sooner rather than later.
While saying that he still supports Fed bond buying, the economy has improved faster than expected and as a result the Fed is likely to achieve its substantial progress metric faster than expected. ....

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