Why Nostr? What is Njump?
2024-08-02 16:02:01
in reply to

David on Nostr: I think the causal arrow goes the other way. Fed pivots because the economy is ...

I think the causal arrow goes the other way. Fed pivots because the economy is already fucked. Re: FOMC meeting Wednesday they don’t know what the fuck they’re doing. They’re always reactionary and the idea they’d do anything like a “soft landing” they’ve been talking about for 2 years is stupid. They were always going to go too far and this time they’re so painted in a corner this is going to whipsaw and wreck a ton of jobs AND spike inflation when they’re still above target. They’re so fucked.
Author Public Key
npub1mcneaunh0n9qy54sse0vr06nwhejzghumfjlmu3r54ugwx83qhlshqwtll