by Karl Denninger
2024-03-21 07:00
No Sir, There Are No Rate Cuts
The market’s reaction to the Fed Rate decision is utterly
insane.
Obviously the market thinks rate cuts are imminent. There’s
no evidence for this in the Fed Statement or data.
Specifically, the Fed strengthened its language on the job
market in this statement, which would tend to remove said
expectation, not add to it.
https://market-ticker.org/akcs-www?post=250977
https://market-ticker.org/akcs-www?post=250829
2023-12-15 09:15:08
There are no rate cuts coming until and
unless Congress cuts the shit.
Which Congress will not do UNTIL
THE MARKET FORCES THEM TO.
Exactly the lesson Clinton was taught,
and it will happen again. People think
20 years later it can’t or won’t.
It can, will, and is precisely the same
for same reason.
h/t dr0id