Simon Black @thesovereignman with a nice history lesson on Fed rate cuts going back to 1987…..and how different (dangerous) it is this time pic.twitter.com/nBc4LclQlB
— M/I_Investments (@MI_Investments) March 4, 2020
Rates are going to ZERO. 10yrs could be 50bps or less. For an institutional portfolio with mix of equity and govt bonds, your bonds will no longer act as a stabilizer/hedge and are limited in price appreciation by the zero bound. GOLD is the only liquid hedge with no price cap. https://t.co/TNNSefP5pg
— Dan Tapiero (@DTAPCAP) March 3, 2020