Day 1,231: reprieve

Grim news on inflation keeps dashing hopes of a reprieve from higher rates.

Japan’s bond-market peg could snap

Artwork of the day 
The Punishment of Tityus
Michelangelo
Date: 1532; Italy
Style: Mannerism (Late Renaissance)
Genre: mythological painting
Media: chalk, paper
Dimensions: 33 x 19 cm

Word of the day 
reprieve: an official order that stops or delays the punishment, especially by death, of a prisoner

Quote of the day
“In psychiatry there is a certain condition known as delusion of reprieve. The condemned man, immediately before his execution, gets the illusion that he might be reprieved at the very last minute. No one could yet grasp the fact that everything would be taken away. all we possessed, literally, was our naked existence.”
― Viktor E. Frankl, Man's Search for Meaning