Inside the head of the Fed for the 50 bps cut
Joel Elconin is up next with his thoughts on the Fed rate cut and the reasons behind the cut. Driving home the fact that central banks are going to continue to be easy there are a lot of risks and fear in the financial system.
We must be really screwed if those Feral Reservers cut 50.
And bond yields are crashing…with 10Y Yield breaking below 1.00% handle for the first time ever…YEP>>>>>>>>>>>>>>>>>>>>>
We mentioned on Friday’s blog and weekend show that the FED would be doing damage control this week and would likely cut rates. I’m not sure why so many were surprised by them doing it to avoid another market taper tantrum.
And bond yields are crashing…with 10Y Yield breaking below 1.00% handle for the first time ever…YEP>>>>>>>>>>>>>>>>>>>>>screwed………someone is screwed…….who…. lol
I had to take a DOUBLE TAKE on the news……………… 🙂
It is pretty crazy that the 10 year was below 1% today. Wild!
I’d rather hold Gold for 10 years rather than get a measly 1% from a government backed treasury. Thanks Uncle Sam…. but no thanks….
Completely absurd…anyone who would loan this criminal gooberment money for 10 years for less than 1% is nuts…unless you want to speculate the rate goes even lower…anyway, only and idiot holds on to it for ten years.
Hah! Check this out…
https://www.mediaite.com/tv/donna-brazile-shocks-foxs-ed-henry-by-telling-ronna-mcdaniel-go-to-hell/
And be sure to read the comments by Corn Pop Malarkey.
I think Brazil just came up with a new campaign slogan, “Vote for Joe and go to Hell!”…”Biden/Hell 2020.”
The expected recovery in the stock market did not come instead The Dow fell 785 points after a half per cent rate cut. Surely this can’t go on much longer. Where were the bargain hunters today. Why wasn’t The Fed able to support the prices. The markets look to me like there is no support, just wild erratic movements up and mostly down. DT
The dog faced pony soldiers must be moving into action. Drudge says “Biden Top Odds for Nomiation.”