Monthly Archives: July 2019
And a few hours later we get a NY Fed spokesman indicating Williams did not mean to suggest a large rate cut was coming later this month. What the hell is going on? Market economy. Sure it is.
On Tuesday evening I was tempted to do a blog post with the same message I’ve delivered many times over the past decade or so: we are/were within 1 week and 1% of the initiation of another protracted series of stock market drops. True to form, within 48 hours a central banker blinked and dropped another sugar bomb. (don’t take my word for it […] Read the rest of this entry