The Problems are the Path: Much Ado About Nothing Part II
The best description for the end of 2023 was a "Melt Up" in Wall Street terms. Analysts were fighting amongst themselves as to who can predict the number of FED Interest Rates reductions. Let's face it analysts are just selling themselves and the their predictions are soon lost, unless they are right. It is always easy to point elsewhere when the prediction doesn't go according to their estimates. Or, just simply forget and never say much about it until there are proven wrong December 31, 2024. By then, who will remember or even care? The Governors of the Federal Reserve System are now coming out and stating that they are not committed to rate cuts. ( Fed's Bowman and Bostic caution against rate cuts too soon ). Especially when the rate cuts are from 1-7. The historic possibility of 7 rate cuts do not forecast well for our economic situation. Why would the FED flood the market with money. There is over $7 trillion in the FED's Balance Sheet to create