“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.
Projected losses at the top 34 banks in a “severely adverse scenario.”
QE-Unwind may start in September.
Oh my, how things have changed since late last year.
She did her homework. And consumers got a temporary gift.