RE:RE:Just waiting for the tide to turnWith month over month industrial production decreasing by .7% as opposed to the estimate .1 it seems to me that the Fed is going to have to rethink the level of the terminal rate and look realistically at pausing.
I obviously am just speculating but I don't see how the u.s. can absorb rates this high. Once all this travel and experiences spending is done the us consumer should be flat on its back.
Of course I have a bias against those who piss money away on experiences instead of tangible products that have long term value add.