It’s asinine to cut rates here

via @NorthmanTrader:

Just to highlight how Fubar this all this:
We’re seeing the loosest financial conditions since 1993.
Back then Fed RAISED from 300bp to 600bp.
Now they want to CUT coming from a low 225bp with historic loose financial conditions still in place.
It’s asinine to cut rates here.

 

 

 

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