What a ride January has been. It’s completely echoing January 2018 in many ways. But I guess this time is different, right? We have the Fed backing us up, ensuring everything is totally fine, so we have nothing to worry about. Well there’s a couple points that need to be fully understood. We must acknowledge the fact that the Fed and other central banks can never increase interest rates meaningfully and they must continue to print money for eternity. If either of these changes, the market will collapse, potentially taking the entire monetary system with them. No worries though. They love us.
An Obituary: Fred Credibility – NorthmanTrader
https://northmantrader.com/2019/01/31/an-obituary-fred-credibility/
Sven Henrich on Twitter: "The greatest economy ever just couldn't handle an effective Fed funds rate above 2.27%… "
https://twitter.com/NorthmanTrader/status/1090613586802720768
- NorthmanTrader
