Calzone
Gear Whore #1
Another red-screen today. Oil is down to $80.00. Gold hovers around $2.3K
To me it seems like the economy is slowing down, and at the same time inflation is proving to be stubborn. Any FED cuts will be delayed if any. Could be a tight rope for an extended period of time. A soft landing might not be happening, and it looks to be stagflation is beginning.
Another headline is a possible Asian currency crisis might be happening. I don’t know any details…
Anyways the markets kinda got ahead of themselves believing rate cuts would happen and the economy would respond to stimulation from said rate cuts. I thought and am thinking that the FED is in a tight spot. Raising rates would kill the economy, but if they don’t keep rates high inflation will regain traction.
In the world there are many debt problems. China is not alone, the U.S. also has some serious debt problems. Something could go kaa-boom, sooner or later.
Cal
To me it seems like the economy is slowing down, and at the same time inflation is proving to be stubborn. Any FED cuts will be delayed if any. Could be a tight rope for an extended period of time. A soft landing might not be happening, and it looks to be stagflation is beginning.
Another headline is a possible Asian currency crisis might be happening. I don’t know any details…
Anyways the markets kinda got ahead of themselves believing rate cuts would happen and the economy would respond to stimulation from said rate cuts. I thought and am thinking that the FED is in a tight spot. Raising rates would kill the economy, but if they don’t keep rates high inflation will regain traction.
In the world there are many debt problems. China is not alone, the U.S. also has some serious debt problems. Something could go kaa-boom, sooner or later.
Cal