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Premature ‘Fed Put’ Obituaries And The Laughable Perils Of Q1 2019
On Monday evening, as traders and shell-shocked investors were busy sorting through the smoldering w
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The Fed put is alive and well. Tepper probably talking his book. Powell is not stupid, you let this thing go we have depression writen all over. With all the debt, hollowing out of the middle class, poor education, skills mismatch, mgmt afraid of their options and bonuses disappearing (job and cap ex cuts) etc there is probably no real way out. QE barely worked it is not the panacea and govt spending with these debt levels, deficits, and tax rates will exacerbate the situation. In other words if he screws up 2008 will look like utopia.