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50 sats \ 5 replies \ @siggy47 OP 5 Aug \ parent \ on: The Usual Stimulus Tricks Won't Work This Time Around econ
Good to hear. US 10 year bond at 3.76 tonight. That is a huge sudden move.
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43 sats \ 4 replies \ @grayruby 5 Aug
Which central bank makes a statement first? US or Japan?
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50 sats \ 3 replies \ @siggy47 OP 5 Aug
US. If BOJ backtracks that quickly it will scare the shit out of the whole world.
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43 sats \ 2 replies \ @grayruby 5 Aug
Good point. That would be the quickest pivot in history. Fed will probably try to jawbone the market if it is really volatile this week.
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50 sats \ 1 reply \ @siggy47 OP 5 Aug
You probably know by now that I'm a crazy conspiracy theorist. My latest is that Powell didn't cut because it would have looked political so close to the election. If he moves to save the global financial system, who can blame him? He can cut 50 basis points and pump up the market before the election.
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0 sats \ 0 replies \ @grayruby 5 Aug
Solid theory.
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