‘The Maradona Theory of Interest Rates’ Is Back: Is Kevin Warsh Playing Wall Street?
Kevin Warsh never said "hike" at Jackson Hole. September odds went from 35% to 66% anyway. Mervyn King's Maradona theory explains why.
A famous official didn't say interest rates would go up, but traders bet they would anyway—showing how people read between the lines and react to hints, not just plain words. When you watch a company or the whole market, pay attention to what leaders don't say out loud, because that can shift how people feel about money and investing just as much as what they do say.
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