Post by
garyreins on Mar 18, 2024 10:07am
TORONTOJAY
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.
Comment by
Frankie10 on Mar 18, 2024 11:38am
TJ has the right percpective imho from a risk manager chair -- you must respect the path of most pain and appropriately measure its likelihood.
Comment by
DZtrader on Mar 18, 2024 11:47am
...............and provision for it. I am back at the lake, ahhhhhhh!! No matter how much travel is enjoyed, it's always great to be home, albeit a month ahead of schedule.
Comment by
Frankie10 on Mar 18, 2024 12:06pm
Welcome home DZ !!! I hope you are well.
Comment by
Torontojay on Mar 18, 2024 6:46pm
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.