The Fed is in a lose-lose situation:
— The Kobeissi Letter (@KobeissiLetter) August 7, 2024
1. If the Fed cuts rates aggressively right now, markets tank further and they risk a resurgence of inflation.
Cutting US rates will only make the Yen carry trade unwinding WORSE, likely sending the Nasdaq into bear market territory.
2. If…
Love to post this
https://twitter.com/glennbeck/status/2065090333608956012