Fed fund futures prob of a cut
* March 18 (blue) = 14%
* April 29 (orange) = 52%
* June 10 (red) = 92%
* July 29 (green) = 126%
April 29 now at 52%! is the Fed "ready" to cut rates this spring?
— Jim Bianco (@biancoresearch) February 24, 2020
Central bankers the world over are now at a critical juncture. They can keep supporting equity markets and get socialism, higher gold prices, or a combination of the two as a result. Or, they can recognize that plagues, wars, and droughts cannot be cured by monetary debasement.
— Roy Sebag (@roysebag) February 23, 2020
HEALTH NEWS: When you get the coronavirus, the official CDC recommendation to treat a runny nose, sore throat, cough, and fever is to lower the rate hedge funds can borrow at from 1.5% to 0%, and increase Treasury purchases to $200 billion per month.
— Rudy Havenstein, phoning it in. (@RudyHavenstein) February 24, 2020
South Korea is the world's 12th largest economy, but it's the 6th largest exporter. 90% of its exports are intermediate goods, compared to around 50-60% for normal economies. Coronavirus-related shutdowns are going to hid hard and they're going to hit soon t.co/EcorR9uVb7 pic.twitter.com/BcBrIOHuUI
— Mike Bird (@Birdyword) February 24, 2020