The algorithmic money faucet does not like detail, but that is what this economy *requires*. Things are bad, things are good, and it’s important to understand where and why both are happening versus saying that Everything is Actually Hell.  Nuance is required, especially as we navigate the next few months of a Fast and Furious Fed, who is hellbent on fighting inflation.  The way that we think about the economy and markets might have to evolve as the economy and markets evolve  
Full article: https://kyla.substack.com/p/how-the-algorithmic-money-faucet 
NYT: https://www.nytimes.com/2022/08/04/opinion/us-economy-recession-federal-reserve.html 
Bloomberg: https://www.bloomberg.com/opinion/articles/2022-08-03/-jobful-vibecession-will-keep-workers-on-the-payroll

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