Loading ...Replying to Sir Plunger’s comment on chances of FED cutting rates
https://twitter.com/McClellanOsc/status/1732520491951476754
And reposting this chart from my earlier post: https://tinyurl.com/8kwryz8u
May be I’m overestimating the intelligence of the Fed? LOL
Trying to put 2 and 2 together. If the DXY Chart is leading, and the Fed is following, we may not get a rate cut but a couple of “pointers” from the Fed … that if this this happens then they are “likely” to (evaluate the possibility) of cutting the rates at the next meeting.
Man, I’m getting good at Greenspan-ish!
GL
https://tinyurl.com/Mistake-of-the-1970s
Same concern as I listed above “May be I’m overestimating the intelligence of the Fed?”
If I were the Fed I’d not learn from history and therefore repeat the same mistake as the 1970s. Why? Because the Fed never learned from the interest rate reduction that led to the dot com bubble and soon after, the housing bubble.
In case the Fed doesn’t even hint at cutting rates, I’d think that they are saving their bullet(s) for the more-interesting second and third quarters of 2024, leading up to the 2024 election.
Thoughts?
GL
Daniel Booth does the best at making the case that the FED will be very late to the rate cut party. Just listen to her stuff
The FED does not ‘think’, it does not ‘learn’, it takes orders from their stockholders.
The illusion of ‘thinking’ is what the fed talking points are for – for the muppets who believe the Fed is in control when they are simply agents of a larger power. When they said ‘inflation is just temporary’ did they not see the situation as it stands today – of course they did “Raise rates until something breaks” – in fact inflation is not DEAD, there is still too much wealth among a declining middle class which must be destroyed. I used to listing to Booth but have come to think she’s a true believer in the purpose of ‘the system’ and she’d probably take Jerome’s job in a heartbeat if offered. Not saying she doesn’t have worthwhile perspectives but it’s like listening to Greenspan after he retired – ignore.
Why not listen to Tom Luongo
Is no one here up tp s[peed on his Thesis which is playing out as he has been describing