Carlson gets it right, and I don't mean Tucker.
Almost a year ago I stated that we had reached the "boom phase" of the current economic expansion - that point where growth is inflationary. Booms run until the pain from inflation gets to be more than the gain from go go expansion. Pain as measured by those actors who can do something about it. When central banks, where they have autonomy, feel pain, they make the economy take the medicine.
Right now the Federal Reserve is feeling some discomfort, but they aren't in pain yet. But the yield curve continues to march towards inversion, and we look back at something I've been writing about for some time: Greenspan's bet, what it is, and whether he has enough chips left as he hands over his seat to Cousin Ben - Ben Bernanke.
["In the year of storms" has been picked up for digital distribution by Music is here and should be available for download soon - Ask iTunes to carry it.]