| | | Nah, don’t see it. Dollar is too strong, will likely remain strong for foreseeable future to, among other things, press China as trade negotiations go past intro stage. With 10s even lower than darkest days of 2007-2008, Fed is more likely to buy, buy, buy and maybe keep rates same or cut one tiny bit. Money is very cheap, this is not the end of the world. As other nations cut or go even more negative, US assets will continue to look good to ROW and to locals.
Growth will definitely slow in US as foreign markets contract, but our internal markets are vigorous. Thus, no big recession.
Wall Street will scream for lower rates, it always does whenever it can, but will not get what it wants, or only a half or quarter ration.
What do I know. Just a guess, like many others. |
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