one alternate take on today’s events could be that the reason for signaling lower rates is due to problems that Powell might be seeing today which aren’t widely recognized yet.
do you think we’ll see another cycle of near-zero rates before the crash? what assets do you think will crash the most?
Honestly, I don't even know what Powell said. Had my head down working today.
Regarding rates I don't think they can keep them up due to political pressure. There's an election after all. But I have no clue when the crash will come. I suspect in the next year or two though. Its a gut feeling for me. Its also not just interest rates or money printing. Its still fallout from global lockdowns.
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