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…
Chicago expressways DANGEROUS
New Jersey trucker charged after 8 crashes on I-57 in Chicago, driver beaten in apparent road rage spree