Far worse than under covid three/four years ago
Buy the rumor sell the news.
Rate cut 25 bps
I’d bet on 50 bps.
The USD action is interesting in front of this rate cut. You could be out of luck. I do not know for how long you’d be out of luck.
In the long run dollars spent now by the government are a massive wave of industrial output later.
Yes, in China
That was completely clueless.
Not factual.
I’m not too sure how much official rate setting is going to do given that the USA is now in a debt trap. The USA is financing its deficit by short term borrowing such as T-Bills, no one seems to be too interested in Treasuries. People will want higher interest to compensate for the increasing risk of holding US debt.
As of August 2024 it costs $1049 billion to maintain the debt, which is 17% of the total federal spending in fiscal year 2024.
Interest payments on US debt now exceeds defence spending!
The usual solution to an economic problem is a war somewhere or other!
Your right Hawkwin, I don’t know where I got my figures from.