When I heard that Chairman Powell suggested several rate cuts next year, I thought, not kidding, "I wonder what Bagholder thinks is going on?" Would you mind telling your thoughts on whether there will actually be rate cuts and if it makes any difference at all? Thanks.
Only twice this century have they aggressively lowered the fed funds rate. Once beginning in Jan 2001 (dotcom bubble), and again in Sep 2007 (sub-prime bubble). At the moment of the first cut on both those dates, we were already deeply in recession. The bubble this time is bigger, meaning the crash will be bigger as well….. Do I think they will cut? Yes. ….Do I think it will matter? No. ….. Inflation is here to stay, and until they address that fact with MUCH higher rates, nothing much they do will change things.
Thanks. I had considered that the whole rate cut suggestion was just a head fake and that they would end up raising. So if they're not really interested in addressing inflation, then what are they interested in doing? Can they milk this bubble for another 5 years? 10 years?
When I heard that Chairman Powell suggested several rate cuts next year, I thought, not kidding, "I wonder what Bagholder thinks is going on?" Would you mind telling your thoughts on whether there will actually be rate cuts and if it makes any difference at all? Thanks.
Only twice this century have they aggressively lowered the fed funds rate. Once beginning in Jan 2001 (dotcom bubble), and again in Sep 2007 (sub-prime bubble). At the moment of the first cut on both those dates, we were already deeply in recession. The bubble this time is bigger, meaning the crash will be bigger as well….. Do I think they will cut? Yes. ….Do I think it will matter? No. ….. Inflation is here to stay, and until they address that fact with MUCH higher rates, nothing much they do will change things.
Thanks. I had considered that the whole rate cut suggestion was just a head fake and that they would end up raising. So if they're not really interested in addressing inflation, then what are they interested in doing? Can they milk this bubble for another 5 years? 10 years?
Common knowledge is not common. Conventional wisdom is not wise.
Trying to decide which is the better investment, silver and gold or lead and brass?
Bag recommends a position in all of them ...
He who panics first, panics best!