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Powell Holds Firm, But Nods To September Rate Cut
As expected, Jerome Powell opened the door to a rate cut at the September FOMC meeting during his Ja
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Cognitive dissonance at work. Do not try this at home with your spouse.
As to Lisa Cook, one must keep in mind Trump is a White Supremacist.
And misogynist – eye candy, baby mamas and lap dogs.
… and a convicted (ok, technically civil suit loser) serial mortgage fraudster
Anyone else read this and picture alarm klaxons going off?
Run it hot until it explodes. Then make the tax payers clean it up. Again. For some reason I’ve been thinking of Greenspan, Summers and Rubin believing the Chicago School bit about markets regulating themselves in front of their easy money firehose. I remember actually reading the book “Maestro”.
Then we had the Bernanke-Yellen firehose of liquidity.
I pretty much expect the AI bubble to continue inflating, but I don’t expect it to last 5 years like the dotcom, since AI will eat the consumer economy alive and shit wealth for the citizens of Billionaire. I suspect the 99.9% may endure a long recession. But for now better ride the rocket. Recessions and stagflations are much easier if you’re rich and live within your means.