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They’ll ‘Probably Do Very Little’: A Disgusted Trump Delivers His July FOMC Preview
After logging his obligatory daily attack on minorities, Donald Trump got around to pressuring the F
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It is becoming harder and way more foolish to assume that all this chaos is simply about a quarter or half point move in short term rates…The way this plays in the MSM is that all of this can be resolved by Monetary policy or just adding more debt to our overburdened Camel. The reality is that sins of the past regarding financial discipline are coming home to roost in the form of deflationary forces and probably a severe recession..Like a spring flood of fairly high standard deviation it will prove Cathartic. If a War can be avoided …..well then …we may all be winners when the sun rises at the end of this cycle….
I’d love to see the Fed give Trump the middle finger and just hold rates.