Powell turned into an Arthur Burns Pumpkin when the month struck 12!
The everything stock rally has just begun so start buying everything you won’t miss. Dollar will continue to fall, commodities will rebound, top 20% of Americans will continue spending as their portfolios balloon, the bottom will still have jobs and add credit card debt to live.
Not sure how that’s going to help bring inflation down to 2% while the government net issuance cranks up next year above 8% and we have an election year trying to buy votes for one side or another and mostly for campaign donations. The can has been kicked. Record debt will become even greater record debt from households to corporate to government.
The stage has been set for more folly and greater tears down the road. A Shakespearian tragicomedy of greed and power.
“All gold and silver rather turn to dirt!
As ’tis no better reckon’d, but of those
Who worship dirty gods.”
Cymbeline
#fed #federalreserve #rates #yields #dollar #commodities #markets #homebuying #homeselling #dmvrealestate #marylandrealestate