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Emily Ratajkowski’s latest photo shoot sparks fury
“I’ve been looking for those jeans in the second photo if you could just please return them that would cool. Tysm,” Holliday commented under Ratajkowski’s post.
“That second photo is such godforsaken trash,” wrote Chiwaya. “In the year of our lord 2023?? STILL??? Yikes.”
“What in the fatphobic hell is that second picture?” a third user commented, while someone else said: “That second pic is so out of touch and ignorant but the comments are chef’s kiss.”
Plus-size models have long advocated for more inclusive sizing - both in stores and on the runway. However, luxury brands and labels often avoid creating plus-size fashion over claims that it’s too expensive to make. “Designers won’t make plus sizes unless it’s for a photo opp where a thin person can be quirky,” another person pointed out.
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body.
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33301
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Emily Ratajkowski’s latest photo shoot sparks fury
“That second photo is such godforsaken trash,” wrote Chiwaya. “In the year of our lord 2023?? STILL??? Yikes.”
“What in the fatphobic hell is that second picture?” a third user commented, while someone else said: “That second pic is so out of touch and ignorant but the comments are chef’s kiss.”
Plus-size models have long advocated for more inclusive sizing - both in stores and on the runway. However, luxury brands and labels often avoid creating plus-size fashion over claims that it’s too expensive to make. “Designers won’t make plus sizes unless it’s for a photo opp where a thin person can be quirky,” another person pointed out.
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body. “Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
|
33302
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Emily Ratajkowski’s latest photo shoot sparks fury
STILL??? Yikes.”
“What in the fatphobic hell is that second picture?” a third user commented, while someone else said: “That second pic is so out of touch and ignorant but the comments are chef’s kiss.”
Plus-size models have long advocated for more inclusive sizing - both in stores and on the runway. However, luxury brands and labels often avoid creating plus-size fashion over claims that it’s too expensive to make. “Designers won’t make plus sizes unless it’s for a photo opp where a thin person can be quirky,” another person pointed out.
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body. “Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash.
|
33303
|
Emily Ratajkowski’s latest photo shoot sparks fury
However, luxury brands and labels often avoid creating plus-size fashion over claims that it’s too expensive to make. “Designers won’t make plus sizes unless it’s for a photo opp where a thin person can be quirky,” another person pointed out.
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body. “Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash. Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry.
|
33304
|
Emily Ratajkowski’s latest photo shoot sparks fury
However, luxury brands and labels often avoid creating plus-size fashion over claims that it’s too expensive to make. “Designers won’t make plus sizes unless it’s for a photo opp where a thin person can be quirky,” another person pointed out.
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body. “Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash. Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
|
33305
|
Emily Ratajkowski’s latest photo shoot sparks fury
Many people were especially surprised by the “distasteful” photo shoot considering Ratajkowski has published a book of essays about feminist empowerment and the objectification of women’s bodies, titled My Body. “Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash. Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram.
|
33306
|
Emily Ratajkowski’s latest photo shoot sparks fury
“Not sure how you think wearing oversized jeans made for a much larger person and accentuating your smallness promotes healthy body image like you preach in your books/social media,” an Instagram user said.
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash. Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram. The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
|
33307
|
Emily Ratajkowski’s latest photo shoot sparks fury
Since she shared snaps from the photo shoot over the weekend, Ratajkowski has not yet commented on the backlash. Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram. The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here!
|
33308
|
Emily Ratajkowski’s latest photo shoot sparks fury
Despite the controversial editorial, the model has previously spoken out against body-shaming. In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram. The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here! And I’m proud she’s rocking my suits. All these haters are crazy.
|
33309
|
Emily Ratajkowski’s latest photo shoot sparks fury
In her book of essays, Ratajkowski discusses bodily autonomy and exploitation in the modelling industry. “Every woman I know - doesn’t matter what they look like, or if they’ve commodified their image or not - knows what it feels like to be looked at, to be rejected, to get attention for how they look,” she told The Independent in 2021.
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram. The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here! And I’m proud she’s rocking my suits. All these haters are crazy. Just because you’re used to seeing one body type on the internet doesn’t mean that that’s the only kind that should be considered ‘beautiful’.”
While the body positivity movement has made waves over the past 10 years, this year in fashion was especially devoid of inclusivity or plus size models.
|
33310
|
Emily Ratajkowski’s latest photo shoot sparks fury
Back in 2019, Ratajkowski defended her friend against body-shaming trolls after their bodies were compared on Instagram. The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here! And I’m proud she’s rocking my suits. All these haters are crazy. Just because you’re used to seeing one body type on the internet doesn’t mean that that’s the only kind that should be considered ‘beautiful’.”
While the body positivity movement has made waves over the past 10 years, this year in fashion was especially devoid of inclusivity or plus size models. According to Vogue’s Business Size Inclusivity Report, only 0.6 per cent of looks shown throughout the autumn/winter 2023 fashion season were modelled by plus-size people.
|
33311
|
Emily Ratajkowski’s latest photo shoot sparks fury
The model shared a bikini-clad post to promote her swimwear line, Inamorata, but several users accused Ratajkowski of sharing the photograph to make her body look “better”.
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here! And I’m proud she’s rocking my suits. All these haters are crazy. Just because you’re used to seeing one body type on the internet doesn’t mean that that’s the only kind that should be considered ‘beautiful’.”
While the body positivity movement has made waves over the past 10 years, this year in fashion was especially devoid of inclusivity or plus size models. According to Vogue’s Business Size Inclusivity Report, only 0.6 per cent of looks shown throughout the autumn/winter 2023 fashion season were modelled by plus-size people.
Despite the fact that the plus-size clothing market is expected to reach $288bn this year, according to Future Market Insights, advocates have maintained that they’re unable to purchase clothing that’s both sustainable and inclusive.
|
33312
|
Emily Ratajkowski’s latest photo shoot sparks fury
In response, Ratajkowski commented: “I love my friend’s body and both her and I think she looks great here! And I’m proud she’s rocking my suits. All these haters are crazy. Just because you’re used to seeing one body type on the internet doesn’t mean that that’s the only kind that should be considered ‘beautiful’.”
While the body positivity movement has made waves over the past 10 years, this year in fashion was especially devoid of inclusivity or plus size models. According to Vogue’s Business Size Inclusivity Report, only 0.6 per cent of looks shown throughout the autumn/winter 2023 fashion season were modelled by plus-size people.
Despite the fact that the plus-size clothing market is expected to reach $288bn this year, according to Future Market Insights, advocates have maintained that they’re unable to purchase clothing that’s both sustainable and inclusive. “I have to wear fast fashion and high street to major red carpet moments, and that’s great, but I want the option to wear high end items of my choosing and it’s not available,” Holliday told Elle UK in 2019.
|
33313
|
Emily Ratajkowski’s latest photo shoot sparks fury
Just because you’re used to seeing one body type on the internet doesn’t mean that that’s the only kind that should be considered ‘beautiful’.”
While the body positivity movement has made waves over the past 10 years, this year in fashion was especially devoid of inclusivity or plus size models. According to Vogue’s Business Size Inclusivity Report, only 0.6 per cent of looks shown throughout the autumn/winter 2023 fashion season were modelled by plus-size people.
Despite the fact that the plus-size clothing market is expected to reach $288bn this year, according to Future Market Insights, advocates have maintained that they’re unable to purchase clothing that’s both sustainable and inclusive. “I have to wear fast fashion and high street to major red carpet moments, and that’s great, but I want the option to wear high end items of my choosing and it’s not available,” Holliday told Elle UK in 2019. “But it’s either that or I run around naked.
|
33314
|
Emily Ratajkowski’s latest photo shoot sparks fury
According to Vogue’s Business Size Inclusivity Report, only 0.6 per cent of looks shown throughout the autumn/winter 2023 fashion season were modelled by plus-size people.
Despite the fact that the plus-size clothing market is expected to reach $288bn this year, according to Future Market Insights, advocates have maintained that they’re unable to purchase clothing that’s both sustainable and inclusive. “I have to wear fast fashion and high street to major red carpet moments, and that’s great, but I want the option to wear high end items of my choosing and it’s not available,” Holliday told Elle UK in 2019. “But it’s either that or I run around naked. Plus-size fashion is not there yet.”
The Independent has contacted representatives for Ratajkowski and M Le Monde for comment.
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33315
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented the cost-of-living crisis and how to ensure the same mistakes won’t be repeated.
Markets have scrambled to price in high-for-longer interest rates, with a new war in the Middle East adding yet more risk to an already uncertain outlook confronting central bankers as they gather for their penultimate meetings of a tumultuous year.
The policy navel-gazing is centering around three debates. How much flexibility central banks can allow in reaching their inflation targets, the effectiveness of asset purchases in the policy mix, and the merits of monetary and fiscal coordination.
Bloomberg surveyed economists from around the world to gather views on those three debates. Their verdict: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future, and fiscal policy risks countering the work of monetary authorities.
|
33316
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented the cost-of-living crisis and how to ensure the same mistakes won’t be repeated.
Markets have scrambled to price in high-for-longer interest rates, with a new war in the Middle East adding yet more risk to an already uncertain outlook confronting central bankers as they gather for their penultimate meetings of a tumultuous year.
The policy navel-gazing is centering around three debates. How much flexibility central banks can allow in reaching their inflation targets, the effectiveness of asset purchases in the policy mix, and the merits of monetary and fiscal coordination.
Bloomberg surveyed economists from around the world to gather views on those three debates. Their verdict: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future, and fiscal policy risks countering the work of monetary authorities.
What Bloomberg Economics Says… “A long period of galloping price gains, and fears that the last yards back to target could be most painful for workers, have reignited the debate about whether central banks should aim for a higher rate of inflation.
|
33317
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The policy navel-gazing is centering around three debates. How much flexibility central banks can allow in reaching their inflation targets, the effectiveness of asset purchases in the policy mix, and the merits of monetary and fiscal coordination.
Bloomberg surveyed economists from around the world to gather views on those three debates. Their verdict: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future, and fiscal policy risks countering the work of monetary authorities.
What Bloomberg Economics Says… “A long period of galloping price gains, and fears that the last yards back to target could be most painful for workers, have reignited the debate about whether central banks should aim for a higher rate of inflation. That’s a conversation worth having.
|
33318
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The policy navel-gazing is centering around three debates. How much flexibility central banks can allow in reaching their inflation targets, the effectiveness of asset purchases in the policy mix, and the merits of monetary and fiscal coordination.
Bloomberg surveyed economists from around the world to gather views on those three debates. Their verdict: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future, and fiscal policy risks countering the work of monetary authorities.
What Bloomberg Economics Says… “A long period of galloping price gains, and fears that the last yards back to target could be most painful for workers, have reignited the debate about whether central banks should aim for a higher rate of inflation. That’s a conversation worth having. But for monetary policymakers, the imperative of retaining credibility means the right time for it is after inflation is back at target, not before.” — Tom Orlik, chief economist
Rethinking Targets
So long as people believe prices will get back toward 2%, central bankers have some leeway in deciding how aggressive they need to be in pursuing that goal.
|
33319
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Bloomberg surveyed economists from around the world to gather views on those three debates. Their verdict: Central banks won’t break their economies in a rush to hit inflation targets, QE will be used more sparingly in the future, and fiscal policy risks countering the work of monetary authorities.
What Bloomberg Economics Says… “A long period of galloping price gains, and fears that the last yards back to target could be most painful for workers, have reignited the debate about whether central banks should aim for a higher rate of inflation. That’s a conversation worth having. But for monetary policymakers, the imperative of retaining credibility means the right time for it is after inflation is back at target, not before.” — Tom Orlik, chief economist
Rethinking Targets
So long as people believe prices will get back toward 2%, central bankers have some leeway in deciding how aggressive they need to be in pursuing that goal.
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies.
|
33320
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
What Bloomberg Economics Says… “A long period of galloping price gains, and fears that the last yards back to target could be most painful for workers, have reignited the debate about whether central banks should aim for a higher rate of inflation. That’s a conversation worth having. But for monetary policymakers, the imperative of retaining credibility means the right time for it is after inflation is back at target, not before.” — Tom Orlik, chief economist
Rethinking Targets
So long as people believe prices will get back toward 2%, central bankers have some leeway in deciding how aggressive they need to be in pursuing that goal.
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies. The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
|
33321
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
That’s a conversation worth having. But for monetary policymakers, the imperative of retaining credibility means the right time for it is after inflation is back at target, not before.” — Tom Orlik, chief economist
Rethinking Targets
So long as people believe prices will get back toward 2%, central bankers have some leeway in deciding how aggressive they need to be in pursuing that goal.
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies. The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea.
|
33322
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
That’s a conversation worth having. But for monetary policymakers, the imperative of retaining credibility means the right time for it is after inflation is back at target, not before.” — Tom Orlik, chief economist
Rethinking Targets
So long as people believe prices will get back toward 2%, central bankers have some leeway in deciding how aggressive they need to be in pursuing that goal.
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies. The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
|
33323
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies. The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
|
33324
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Economists covering 16 of the world’s most important central banks say policymakers will allow more time to bring inflation back to target if it means less damage to their economies. The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
|
33325
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No.
|
33326
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The Bloomberg special survey also shows that a sizable minority sees them going even further, accepting price pressures that are either slightly too strong or too weak — as long as expectations remain anchored.
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response.
|
33327
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Olivier Blanchard, a former IMF chief economist, has long argued in favor of raising the inflation target, and former European Central Bank Vice President Vitor Constancio has also embraced the idea. But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response. She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
|
33328
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response. She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
They may be called into action soon on that front, should an escalation in the conflict in the Middle East hit oil deliveries.
|
33329
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
But it’s a controversial view and only possible from a position of credibility, which means central banks would likely have to get inflation back to 2% first.
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response. She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
They may be called into action soon on that front, should an escalation in the conflict in the Middle East hit oil deliveries.
When the next big global slowdown comes, though, flexibility may be needed the other way.
|
33330
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
“It would be a mistake of the first order to think you can change a goal you have set if you can’t achieve it,” according to Bundesbank President Joachim Nagel.
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response. She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
They may be called into action soon on that front, should an escalation in the conflict in the Middle East hit oil deliveries.
When the next big global slowdown comes, though, flexibility may be needed the other way. Europe’s eight-year experiment with negative rates ended with mixed reviews last summer as to whether it was all worth it.
|
33331
|
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Global trends suggest inflation will be stronger than in the past, with former Bank of England Governor Mark Carney among those saying rates won’t return to pre-pandemic lows.
One lesson Gita Gopinath, the IMF’s No. 2 official, draws from the latest inflation episode is that policymakers mustn’t assume that looking through supply shocks — as text books suggest — is the optimal response. She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
They may be called into action soon on that front, should an escalation in the conflict in the Middle East hit oil deliveries.
When the next big global slowdown comes, though, flexibility may be needed the other way. Europe’s eight-year experiment with negative rates ended with mixed reviews last summer as to whether it was all worth it.
The Bank for International Settlements argues that there’s room for greater tolerance for moderate shortfalls even if they’re persistent, because “low-inflation regimes, in contrast to high-inflation ones, have self-stabilizing properties.”
Rethinking Quantitative Easing
With a more flexible approach to those 2% targets, monetary policy after the 2008 financial crisis would have looked very different in many parts of the world.
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
She recommends they be ready to react preemptively, even when inflation hasn’t yet spun out of control.
They may be called into action soon on that front, should an escalation in the conflict in the Middle East hit oil deliveries.
When the next big global slowdown comes, though, flexibility may be needed the other way. Europe’s eight-year experiment with negative rates ended with mixed reviews last summer as to whether it was all worth it.
The Bank for International Settlements argues that there’s room for greater tolerance for moderate shortfalls even if they’re persistent, because “low-inflation regimes, in contrast to high-inflation ones, have self-stabilizing properties.”
Rethinking Quantitative Easing
With a more flexible approach to those 2% targets, monetary policy after the 2008 financial crisis would have looked very different in many parts of the world. Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
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33333
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
When the next big global slowdown comes, though, flexibility may be needed the other way. Europe’s eight-year experiment with negative rates ended with mixed reviews last summer as to whether it was all worth it.
The Bank for International Settlements argues that there’s room for greater tolerance for moderate shortfalls even if they’re persistent, because “low-inflation regimes, in contrast to high-inflation ones, have self-stabilizing properties.”
Rethinking Quantitative Easing
With a more flexible approach to those 2% targets, monetary policy after the 2008 financial crisis would have looked very different in many parts of the world. Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
But that’s also been blamed for distorting financial markets.
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33334
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
When the next big global slowdown comes, though, flexibility may be needed the other way. Europe’s eight-year experiment with negative rates ended with mixed reviews last summer as to whether it was all worth it.
The Bank for International Settlements argues that there’s room for greater tolerance for moderate shortfalls even if they’re persistent, because “low-inflation regimes, in contrast to high-inflation ones, have self-stabilizing properties.”
Rethinking Quantitative Easing
With a more flexible approach to those 2% targets, monetary policy after the 2008 financial crisis would have looked very different in many parts of the world. Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
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33335
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The Bank for International Settlements argues that there’s room for greater tolerance for moderate shortfalls even if they’re persistent, because “low-inflation regimes, in contrast to high-inflation ones, have self-stabilizing properties.”
Rethinking Quantitative Easing
With a more flexible approach to those 2% targets, monetary policy after the 2008 financial crisis would have looked very different in many parts of the world. Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
Only 40% of economists surveyed predict central banks will use QE the same way as they did before.
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33336
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones.
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33337
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Trillions of dollars, euros, yen and pounds of asset purchases did little to raise prices in the face of global disinflationary forces until governments used the money they raised to stuff cash into consumers’ pockets during Covid lockdowns.
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
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33338
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE.
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33339
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
But that’s also been blamed for distorting financial markets. Episodes such as the Silicon Valley Bank blow-up are seen by some as a direct result of central bank reserves creation under QE, along with regulatory and supervision failures.
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
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33340
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
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33341
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Only 40% of economists surveyed predict central banks will use QE the same way as they did before. A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019.
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33342
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
A quarter expect them to deploy it more sparingly, about 30% see its only role going forward as a tool to address financial-stability concerns and a small minority doesn’t see it being used again at all.
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
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33343
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
There are other problems with bond-buying that may affect how it’s used in the future. QE effectively swaps long-term borrowing costs for short-term ones. What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
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33344
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
What’s been a lucrative deal for taxpayers when official interest rates were low has now turned into a disastrous trade.
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries.
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33345
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The clearest depiction of the problem is in the UK, where the BOE secured taxpayer indemnity for any losses on QE. Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
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33346
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Over the next decade, it estimates, its purchases will cost the government over £200 billion ($243 billion).
And policymakers have little experience in unwinding their balance sheets, where small mistakes can trigger big market turbulence.
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse.
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33347
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The Fed experienced some of that when it tried to shrink bond holdings between 2017 and 2019. More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse. But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
|
33348
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
More recent efforts to reduce portfolios have progressed rather smoothly, partially because central banks have amassed so much debt over the years that they’re far away from any thresholds that would trigger a squeeze.
But the fact that they’re treating quantitative tightening as a technical adjustment rather than a part of their efforts to conquer inflation raises questions about the future use of a tool that’s only trusted to work one way.
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse. But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists.
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33349
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse. But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
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33350
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
The ECB faces an extra legal burden on bond holdings that comes with operating in a currency union of 20 countries. Concerns around illegally financing governments and debt mutualization have already landed the central bank in court several times.
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse. But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
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33351
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Mixing Policies
Low interest rates and large-scale QE programs allowed treasuries to borrow on the cheap to finance stimulus campaigns, protecting labor markets, businesses and consumers from collapse. But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
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33352
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
But the spending blowout throughout and since the pandemic — part critical emergency funding, part political need to show an all-hands-on-deck approach in crisis — contributed to the latest outbreak in inflation.
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
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33353
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
Fed Chair Jerome Powell, who sat to her right, signaled he wasn’t ready to rely on that kind of cooperation.
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33354
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
While the same kind of pulling in the same direction is needed to restrain demand, many governments are concerned that if they tighten policy too hard, voters will kick them out and replace them with populists or extremists. That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
Fed Chair Jerome Powell, who sat to her right, signaled he wasn’t ready to rely on that kind of cooperation. “Our assignment is to deliver price stability kind of regardless of the stance of fiscal policy.”
Central bankers warn that any failure to scale back fiscal spending risks coming at the cost of yet higher interest rates.
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33355
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
That’s reviving questions about whether central banks can deliver price stability all on their own.
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
Fed Chair Jerome Powell, who sat to her right, signaled he wasn’t ready to rely on that kind of cooperation. “Our assignment is to deliver price stability kind of regardless of the stance of fiscal policy.”
Central bankers warn that any failure to scale back fiscal spending risks coming at the cost of yet higher interest rates. They also want elected officials to put in place policies that help deliver sustainable growth.
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33356
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
“If we were designing optimal policy arrangements from scratch, monetary and fiscal policy would both have a role in managing the economic cycle and inflation, and that there would be close coordination,” Philip Lowe said in his last speech as Australian central bank governor in September.
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
Fed Chair Jerome Powell, who sat to her right, signaled he wasn’t ready to rely on that kind of cooperation. “Our assignment is to deliver price stability kind of regardless of the stance of fiscal policy.”
Central bankers warn that any failure to scale back fiscal spending risks coming at the cost of yet higher interest rates. They also want elected officials to put in place policies that help deliver sustainable growth.
“A change in mindset needs to happen,” said Agustin Carstens, the former governor of the Bank of Mexico who’s now the general manager of the BIS.
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33357
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Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
Economists surveyed by Bloomberg predict fiscal policy will somewhat counteract the Fed’s efforts to rein in inflation in the US.
“It’s true that there are circumstances where working hand in hand and supporting each other has proved helpful,” ECB President Christine Lagarde told a panel discussion in June at the institution’s annual economic forum.
Fed Chair Jerome Powell, who sat to her right, signaled he wasn’t ready to rely on that kind of cooperation. “Our assignment is to deliver price stability kind of regardless of the stance of fiscal policy.”
Central bankers warn that any failure to scale back fiscal spending risks coming at the cost of yet higher interest rates. They also want elected officials to put in place policies that help deliver sustainable growth.
“A change in mindset needs to happen,” said Agustin Carstens, the former governor of the Bank of Mexico who’s now the general manager of the BIS. “Growth needs to depend less on fiscal and monetary policy, it should depend more on structural policies.”
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33358
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
For the past two weeks, coaches across college football have been riveted by the alleged Michigan sign-stealing scheme, but inside the Big Ten, the topic has been more than just a curiosity. On Wednesday’s Big Ten coaches video call with commissioner Tony Petitti, and after Jim Harbaugh left the call, that frustration was voiced loud and clear, according to conference coaches, who said they don’t feel like the new Big Ten commissioner is “motivated” to do anything about the Wolverines.
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“There is just a ton of frustration,” a Big Ten coach told The Athletic on Thursday morning. “Look at Jim Harbaugh’s record before this started. The guy was on the hot seat before 2021, and now he’s like the king of college football. … No doubt this all has had a profound effect.
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33359
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
For the past two weeks, coaches across college football have been riveted by the alleged Michigan sign-stealing scheme, but inside the Big Ten, the topic has been more than just a curiosity. On Wednesday’s Big Ten coaches video call with commissioner Tony Petitti, and after Jim Harbaugh left the call, that frustration was voiced loud and clear, according to conference coaches, who said they don’t feel like the new Big Ten commissioner is “motivated” to do anything about the Wolverines.
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“There is just a ton of frustration,” a Big Ten coach told The Athletic on Thursday morning. “Look at Jim Harbaugh’s record before this started. The guy was on the hot seat before 2021, and now he’s like the king of college football. … No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking.
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33360
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
On Wednesday’s Big Ten coaches video call with commissioner Tony Petitti, and after Jim Harbaugh left the call, that frustration was voiced loud and clear, according to conference coaches, who said they don’t feel like the new Big Ten commissioner is “motivated” to do anything about the Wolverines.
Advertisement
“There is just a ton of frustration,” a Big Ten coach told The Athletic on Thursday morning. “Look at Jim Harbaugh’s record before this started. The guy was on the hot seat before 2021, and now he’s like the king of college football. … No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking. There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
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33361
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“Look at Jim Harbaugh’s record before this started. The guy was on the hot seat before 2021, and now he’s like the king of college football. … No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking. There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done?
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The guy was on the hot seat before 2021, and now he’s like the king of college football. … No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking. There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done? We want to know, what else do you need to know to take action?
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33363
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
… No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking. There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done? We want to know, what else do you need to know to take action? We (the Big Ten head coaches) want something done now.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
… No doubt this all has had a profound effect.
“This guy’s being investigated for three different things now between the (alleged) illegal signal stealing, the (alleged) illegal recruiting during COVID and that investigation into the offensive coordinator and alleged computer hacking. There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done? We want to know, what else do you need to know to take action? We (the Big Ten head coaches) want something done now. I don’t think people understand the advantage that what they’re (allegedly) doing gives you.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
There are guys (on that call) who could lose jobs, and then there’s this guy over here (Harbaugh) who is gonna get a new, bigger contract now, and they won’t do anything about him.”
Asked to describe the tone of the coaches’ sentiment expressed to Petitti, another Big Ten coach called it “angry” — particularly at the Big Ten’s lack of action, or even apparent interest in taking any.
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done? We want to know, what else do you need to know to take action? We (the Big Ten head coaches) want something done now. I don’t think people understand the advantage that what they’re (allegedly) doing gives you. People think, ‘OK, now that everybody knows, we all can just move on.’ Like, ‘now, it’s fair.’ Well, no, it isn’t. Not at all.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“Everybody’s upset,” that coach told The Athletic. “Why is nothing being done? We want to know, what else do you need to know to take action? We (the Big Ten head coaches) want something done now. I don’t think people understand the advantage that what they’re (allegedly) doing gives you. People think, ‘OK, now that everybody knows, we all can just move on.’ Like, ‘now, it’s fair.’ Well, no, it isn’t. Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“Why is nothing being done? We want to know, what else do you need to know to take action? We (the Big Ten head coaches) want something done now. I don’t think people understand the advantage that what they’re (allegedly) doing gives you. People think, ‘OK, now that everybody knows, we all can just move on.’ Like, ‘now, it’s fair.’ Well, no, it isn’t. Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
We (the Big Ten head coaches) want something done now. I don’t think people understand the advantage that what they’re (allegedly) doing gives you. People think, ‘OK, now that everybody knows, we all can just move on.’ Like, ‘now, it’s fair.’ Well, no, it isn’t. Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
People think, ‘OK, now that everybody knows, we all can just move on.’ Like, ‘now, it’s fair.’ Well, no, it isn’t. Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later?
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules.
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33371
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
Not at all. This changes the way you operate. A lot of teams have been doing things a certain way for years. Now, it’s forcing you to teach your players a whole new way to communicate just for them. People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
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33373
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
People think that this is just advanced scouting. This was damn near espionage.”
A third Big Ten head coach told The Athletic that this is “one of the most egregious breaches in the spirit of the game” he’s ever heard of.
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“They (Michigan) have been manipulating the game and cheating the game for two-and-a-half years. To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations.
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33376
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
To know exactly what the other team is doing, Michigan might as well have been playing with 15 guys on the field,” he said. “What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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33377
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“What’s the message the Big Ten is sending now by doing nothing? Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
Win now, pay later? We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said. “Why are you just sitting back and doing nothing about this?
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33379
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
We might as well just send people to (scout) their practices and their games. It doesn’t encourage anybody to follow the rules. It’s just telling them to do the opposite and say, f— it.”
GO DEEPER Michigan should be punished, say 94% of CFB coaches in our poll. What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said. “Why are you just sitting back and doing nothing about this? The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on.
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33380
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said. “Why are you just sitting back and doing nothing about this? The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on. If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
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33381
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
What else did it reveal?
The NCAA is investigating Michigan’s football program amid allegations that the Wolverines used illegal in-person scouting and the recording of signals to steal signs this season. Ahead of the Michigan-Michigan State game on Oct. 21, the Big Ten approached MSU and said it was made aware of “credible evidence” regarding the sign-stealing allegations. The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said. “Why are you just sitting back and doing nothing about this? The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on. If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
“When a running back gets hurt against Michigan because they knew exactly what play was coming, will that kid and his family have the ability to sue the Big Ten?”
The NCAA investigation is ongoing, a process that typically moves slowly, which makes it difficult to imagine it will reach a resolution by the time the postseason begins.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The Big Ten said it would monitor the NCAA’s investigation into Michigan.
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“The Big Ten is so much more powerful than the NCAA,” that third Big Ten coach said. “Why are you just sitting back and doing nothing about this? The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on. If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
“When a running back gets hurt against Michigan because they knew exactly what play was coming, will that kid and his family have the ability to sue the Big Ten?”
The NCAA investigation is ongoing, a process that typically moves slowly, which makes it difficult to imagine it will reach a resolution by the time the postseason begins. The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“Why are you just sitting back and doing nothing about this? The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on. If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
“When a running back gets hurt against Michigan because they knew exactly what play was coming, will that kid and his family have the ability to sue the Big Ten?”
The NCAA investigation is ongoing, a process that typically moves slowly, which makes it difficult to imagine it will reach a resolution by the time the postseason begins. The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The Big Ten can’t pound its chest for the last 30 years about how it does the right thing ethically (when other conferences like the SEC won’t) and then have this go on. If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
“When a running back gets hurt against Michigan because they knew exactly what play was coming, will that kid and his family have the ability to sue the Big Ten?”
The NCAA investigation is ongoing, a process that typically moves slowly, which makes it difficult to imagine it will reach a resolution by the time the postseason begins. The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent. The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme.
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33385
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
If this were a team in the bottom half of the Big Ten, would this be handled in the same way?
“When a running back gets hurt against Michigan because they knew exactly what play was coming, will that kid and his family have the ability to sue the Big Ten?”
The NCAA investigation is ongoing, a process that typically moves slowly, which makes it difficult to imagine it will reach a resolution by the time the postseason begins. The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent. The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme. It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent. The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme. It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The Big Ten does have the ability to act under its sportsmanship policy, but that doesn’t mean that it would want to act quickly or decisively before the NCAA completes its entire investigation and allows Michigan a chance to respond to its findings.
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent. The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme. It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet.
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33388
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
This is an unprecedented situation; whatever Petitti decides to do (or not do) will set a precedent. The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme. It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The Big Ten itself doesn’t have investigators, so it needs to rely upon the NCAA to do that part — and to determine who else was involved in the alleged scouting scheme. It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline. The playing field is not level right now.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline. The playing field is not level right now. How can you have a team that you know has a competitive advantage over you still being allowed to play?
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
It’s not clear exactly what the coaches would want the league to do to punish Michigan; banning the team from competing in the Big Ten championship, for example, would harm players who had nothing to do with the sign-stealing apparatus.
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline. The playing field is not level right now. How can you have a team that you know has a competitive advantage over you still being allowed to play? That’s what the coaches are grappling with.”
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“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued.
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
A source briefed on the coaches’ call said Big Ten coaches are concerned about whether Michigan “should represent the Big Ten.”
“No matter what happens, if Michigan continues to move forward, the clouds will follow,” the source said. “They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline. The playing field is not level right now. How can you have a team that you know has a competitive advantage over you still being allowed to play? That’s what the coaches are grappling with.”
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“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued. “Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
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33393
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“They’re reading the tea leaves and wondering why the Big Ten hasn’t done anything yet. Every week and every day that goes by, people are like, ‘Something’s gotta give.’ It’s getting a little bit out of hand when you see him (allegedly) on the Central Michigan sideline. The playing field is not level right now. How can you have a team that you know has a competitive advantage over you still being allowed to play? That’s what the coaches are grappling with.”
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“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued. “Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept.
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33394
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
The playing field is not level right now. How can you have a team that you know has a competitive advantage over you still being allowed to play? That’s what the coaches are grappling with.”
Advertisement
“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued. “Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
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33395
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
How can you have a team that you know has a competitive advantage over you still being allowed to play? That’s what the coaches are grappling with.”
Advertisement
“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued. “Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
Central Michigan is investigating if the person on the right here is Connor Stalions on the CMU sideline at Michigan State earlier this season.
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33396
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
That’s what the coaches are grappling with.”
Advertisement
“It feels like (former commissioner) Kevin (Warren) taking over and then COVID,” the source continued. “Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
Central Michigan is investigating if the person on the right here is Connor Stalions on the CMU sideline at Michigan State earlier this season. AD Amy Folan: “We became aware of these photos late yesterday and we are in the process of determining the facts surrounding them."
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33397
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
“Tony’s walking into this situation, and people are calling for the league to make a statement before they have all the facts.”
Despite frustration from all corners of the conference, sources at four different Big Ten schools said they do not expect the conference to levy any sort of punishment against Michigan before the season ends.
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
Central Michigan is investigating if the person on the right here is Connor Stalions on the CMU sideline at Michigan State earlier this season. AD Amy Folan: “We became aware of these photos late yesterday and we are in the process of determining the facts surrounding them." pic.twitter.com/ncazAghBbS — Chris Vannini (@ChrisVannini) October 31, 2023
Stalions, who was suspended with pay by Michigan on Oct.
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33398
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
Central Michigan is investigating if the person on the right here is Connor Stalions on the CMU sideline at Michigan State earlier this season. AD Amy Folan: “We became aware of these photos late yesterday and we are in the process of determining the facts surrounding them." pic.twitter.com/ncazAghBbS — Chris Vannini (@ChrisVannini) October 31, 2023
Stalions, who was suspended with pay by Michigan on Oct. 20, is at the center of the NCAA’s investigation into the alleged scouting and sign-stealing scheme.
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33399
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Michigan’s Rivals Fume About Sign-Stealing: ‘This Was Damn Near Espionage’
Earlier this week, Central Michigan said it is investigating whether suspended Michigan staffer Connor Stalions was on the CMU sideline during the Chippewas’ Sept. 1 game at Michigan State. Screenshots of a person who looks similar to Stalions began circulating online Monday night, and The Athletic obtained more photos of the person on the sideline Tuesday.
Central Michigan is investigating if the person on the right here is Connor Stalions on the CMU sideline at Michigan State earlier this season. AD Amy Folan: “We became aware of these photos late yesterday and we are in the process of determining the facts surrounding them." pic.twitter.com/ncazAghBbS — Chris Vannini (@ChrisVannini) October 31, 2023
Stalions, who was suspended with pay by Michigan on Oct. 20, is at the center of the NCAA’s investigation into the alleged scouting and sign-stealing scheme. Stalions bought tickets to games in at least seven Big Ten stadiums before those teams played the Wolverines over the past three seasons, including the 2023 season, sources told The Athletic last month.
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