In reality, the great catalyst of global inflation is closely linked to the costs associated with ESG, (energy transition best social practices, better control of the supply chain), that the war and the pandemic also ended up accelerating. The Fed is responsible for the world’s funding currency and should focus more on how best to deal with global multiple supply shocks, rather than looking at the problem of inflation in an domestic and anachronistic way, by over-exacerbating the inflationary ghosts of the Paul Volcker Era. The Federal Reserve has been overemphasizing the risks of overheating demand and largely disregarding the real causes of the global inflationary surge. Next hunter`s moon will be on the 9th of october. But who knows, if until the next hunter moon we will have to console some member of the FED, who recently gloated over the financial market slump… Regarding the stock market, in times that are still uncertain, it still does not offer the obvious Credit markets' attractiveness. As in Europe, automatic stabilizers come into play and in the US the fight against inflation has already become credible, thus increasing the probability of a soft landing. Hence, from a risk/return perspective, and despite still uncertain geopolitical times, it makes no sense to ignore the enormous value that is implied in the credit yield curves, both in Europe and in the USA. This is a time to identify opportunities and take advantage of the foresight that autumn brings to store value for the winter. The result of this phenomenon was an abundance of bright moonlight in the early evening, ideal for predators to catch their prey and build their provisions for the winter. For several nights, moonrise comes just after sunset. These days, the angle of the moon's orbit relative to the Earth's horizon is smaller, causing the full moon to rise above the horizon much faster than normal. The Hunter's Moon is the first full moon that follows the autumnal equinox in the northern hemisphere.
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January 2023
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