A variety of pre-FOMC thoughts on the economy
My macro view
What's my overall thesis at this juncture?
It's that the global economy is slowing and is likely to slow further before it picks up. The US is the laggard in this slowing but is affected as well. From a markets perspective, that means a convergence to zero, with yield curves flattening as nominal growth rates contract.
I didn't mention the wo…