30 Jul A Cassandra Follow-up
“Long-term interest rates are increasing while shorter-term rates decline.”
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Dear Mr. Realist:
As I predicted, the Federal Reserve and Fed Chair Kevin Warsh are following the script I described in my most recent letter. As a consequence, inflation and Federal debt and deficits are destined to increase while the Fed Funds Rate remains range-bound and bond/commercial interest rates face growing pressures. John Authers’ Thursday commentary provides an excellent analysis that your readers may find illuminating.
Sincerely,
Your [mythical] Cassandra
singman siu
Posted at 13:28h, 31 JulyAI and tariff and Trump are all inflationary, except we have plenty of oil and gas. no one can guess where interest rate is coming or going in the short term or long term better than 50% in the 4th decimal otherwise they will be all lying on the beach chair now. they are all price in may be Trump is the exception…