FAIT: THE HEADLINE NO ONE IS PRINTING
The 'tourist asks why John William's FAIT speech received so little coverage
It was only a few months ago the market was petrified about the Federal Reserve’s new FAIT (flexible average inflation targeting) policy shift. Hedge funds piled into lumber, grains and every hard asset they could find to protect against what they viewed as a dangerously irresponsible strategy. The Wall Street Journal ran op-eds from grumpy hedge fund…