TSX:AX.PR.E - Post by User
Comment by
Torontojayon Mar 18, 2024 6:46pm
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Post# 35939342
RE:TORONTOJAY
RE:TORONTOJAY
garyreins wrote: Sorry I don see powell and friends playing russian roulette with the economy and banking sector going into november....causing a recession or unemployment to go up will ultimately fall on biden team. as well as high inflation and rates. maybe hes too blame maybe he isnt but thats who voters are going to scapegoat.
Hey Gary, not having inflation under control is not good either for the Biden team. It looks like Biden is on team inflation and Powell is on team recession but he will never tell you that. Jay Powell holds the trump card, no pun intended.
Btw, Fed funds has surpassed Q4 nominal gdp annualized and that is a strong recession signal.