Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

CRAZY

[garyreins]

"Remember: Elizabeth Warren got Jay Powell to admit that there had never been a precedent where the Fed took interest rates up as hard and fast as they did that did not result in a recession. 

 

Until now, Powell thought he’d get the last laugh. But, the consensus today is 35-40% chance of a recession because the Fed waited too long to begin bringing down rates.

 

Now, the Fed will have rush their cuts, which ironically will panic markets, and pull forward a decline in business activity."