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Even If They Cut 50 Basis Points: Why It Likely Won’t Work

Summary:
Janet Yellen was smart enough to “exit” and stick Jerome Powell with the “tab.” While the market rallied back from its 20% decline last year on “hopes” of an end to the “trade war” and “rate cuts,” the market is missing an important part of the picture. Rate cuts may not work. https://davidstockmanscontracorner.com/?p=324808&preview_id=324808&preview_nonce=90da170789&preview=true

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Janet Yellen was smart enough to “exit” and stick Jerome Powell with the “tab.”

While the market rallied back from its 20% decline last year on “hopes” of an end to the “trade war” and “rate cuts,” the market is missing an important part of the picture. Rate cuts may not work.

https://davidstockmanscontracorner.com/?p=324808&preview_id=324808&preview_nonce=90da170789&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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