Business is dwindling. This is the consequence of 7 years of manipulation. A quarter to a third chance of the economy heading into recession. He cites action in junk bond market and transports as warning signals for the overall economy.
Ultimately, the Fed will have to cut rates back to zero–because the economy isn’t lifting off.
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umm, hasn’t he been bitching about a “fed-sponsored bubble” for eons?
never trust a man with a bow’d tie.
“A quarter to a third chance of the economy heading into recession.”
So 67% to 75% chance the economy is just fine?
This will be an industrial recession at worst, much like 2000-01. Consumer will be fine. Maybe we get a washout to the tune of 20-25% but that’s where you’d add leverage, or deploy cash. Cycle isn’t over, just maturing.
Put the burlap away.