GREY:NEVDQ - Post by User
Comment by
bogfiton Jun 17, 2021 2:55pm
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Post# 33405511
RE:Pavlov Response
RE:Pavlov Response“US$ strengthens over Feds comments of int rates rising next yr. That is enough to spook
all the speculators in the commodity futures markets.”
With the Chinese talking down the market, and the Fed’s talk of many things of cabbages and kings; opportunists on Wall Street see a chance to hit other people’s stop orders and drive prices way below fair value. A few may reposition lower but many will wait until the smoke clears and then we will be % higher.
“On another note, how high can the Fed raise rates before they precipitate a recession? “
Isn’t the question always “when?” The Fed says 2023 that’s a while off and many things can go wrong by then.
“There is also the elephant in the room of astonomical debts and deficits that require servicing.”
You are right, the elephant is the largest in history, 100% totally partisan, REPUBLICAN 2017 tax giveaway that was intended to reward their supporters, stimulate the economy, and give the Republicans a clear path to victory in 2020. If they hadn’t also been required to govern the country and serve the public when the Pandemic began, they most likely would have succeeded.
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