Tweet by darioperkins

March 26, 2026

šŸ§µLet me take you back to August 1990. Three weeks ago, Iraq invaded Kuwait, oil prices have surged, and the FOMC is meeting to decide how to respond. The economy looks wobbly. Payrolls just recorded a small decline. Greenspan talks about a credit bubble that has started to deflate. There's more than a few credit cockroaches. But nobody thinks the US economy is sliding into recession. The Maestro urges stoicism. Nobody knows whatā€™s going to happen in the Middle East, central banks cant really alter the outcome, so its best to provide stability ā€“ by doing nothing.

Author
darioperkins
Date
March 26, 2026
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