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

RE:RE:RE:RE:things that make you say… hmmm

[Torontojay]

DZtrader wrote: So Trump will at minimum spend same or more, almost a given. If, and it's a big if  there is an oversight committee formed to try to reel in excess waste, bonus. As for the Fed which you and gr (same person) do nothing but denounce as being wrong and useless, by virtue of your post you can see how the perfect storm is created. Not just a simple exercise of smoothing out wrinkles in the economy, they have to anticipate minimum 6 months in advance what policy is going to be and do. You suggest their cutting was not for the people but for the gov., (weak). Is that not exactly trying to put out fire with gasoline??  Rate cuts most definitely inflationary. Your distain blinds clear thinking and reality.

The 2 and 10 year treasury starting rising almost immediately after they first cut by 50 bps. The market was not pricing in a Trump victory when this had occurred. It was a coin toss at best. Subsequently, you get economic data that is not consistent with a softening in labour market or the economy. The Fed can't cut by more than 25 bps (at this time) because then Fed funds would be lower than the 2 year treasury which would make zero sense. The last cut was likely a political move with no justification unless they have data that you and I are not privy to.