Rate cuts might not be the salvation markets think they will be. Three of the worst sell-offs post WW2 have been preceded by rate cuts. Other sell-offs saw later cuts.
The BIS' constant trading in gold swaps is perhaps the best proof that surreptitious gold market manipulation by at least one central bank continues as a matter of policy.
It’s only a matter of time before the economy unravels. That’s when the markets will get the rate cuts they desperately want – even though inflation still has a heartbeat.
Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions.
In all, the labor market does appear to be rolling gently over; but the big question remains whether or not inflation will let Powell have his cake and eat it, too.
While everybody is focused on the prospect of an interest rate cut and the hope of easier money, most completely ignore the other central bank monetary policy – the Fed balance sheet.
