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James E. Thorne criticizes the prevailing approach of central banks and Wall Street, asserting that any supply shock is quickly labeled as inflation.
He suggests that this leads to immediate calls for rate hikes, questioning the effectiveness of tighter monetary policy in addressing issues like oil supply disruption, tariffs, or blockages in trade routes.
Thorne has previously examined how accelerating digital technology could break traditional limits on S&P 500 earnings growth, according to a recent article. He has also discussed optimism for market trends in a piece on the AI super cycle and the S&P 500 target. His commentary places current monetary policy debates in the context of technological and structural shifts affecting markets.