Quote:
Originally Posted by Buckhead
I just don't see any rate cuts coming before the middle of 2024. Maybe the markets are pricing them in but I think Allan Greespan said it best;
Irrational exuberance"
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My guess is regardless of what the real economy is doing we'll start seeing an easing going into the next US election year 2024 and I suspect that is what the market is considering as well. Errrr I mean na politics don't influence the Fed....
Welp if things ever do go badly recessionary, they can always quickly bring in 0.0001% interest rates with interest only payment options and offer unlimited gov't back guarantees on that debt. Houses to a billion! Or even more considering the number of zeros is limitless! Everyone wins
