We’ve all learned that the shortest distance between two points is a straight line. That tends to lead one to believe that the scenic path (e.g., longer route) will take more time to travel. But what if that is not the case? As it turns out, Newtonian physics shows this intuition is wrong.
Metaphorically, the Federal Reserve is like a crane operator for the American economy. They are trying to deliver the economy to a sweet spot that is neither too hot nor too cool. The boom of the crane helps move an object horizontally while the hook causes vertical movement.
This note was on the calendar because it is that time of year, but then Atlas had to rip up the script when the war in Iran started because seasonal issues alone were no longer driving the price of fuel higher. Initially this note was going to help remind readers that changes to the blend of fuel would be taking place soon as the weather warms.
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