Investors are conditioned to believe the Fed has got their back. But they might be wrong.
Landlords are reading the memo, but it may be too late.
As if they’re trying to force the Fed to change course.
The Fed and the ECB believe they can tighten and taper without killing the market so long as they jawbone this constantly.
“We act like we know exactly how it’s going to happen, and we don’t.”
And this might become a problem for the Fed.
Tougher for workers, rougher for the economy.
But now the first feeble reactions as stocks and bonds fall.
July rate hike for Canada is “in the bag.” Bank of England, ECB are scrambling.
“The debt needs to blow up. It needs to go way. There is too much debt, globally.” Wolf Richter on the X22 Report.