Loading ...I have a buddy here who is convinced we are heading into a depression and it may have already started. I’m not sure he’s wrong about that. If he’s right, how will the Fed respond? Going back to increased bond buying? They will not want to be blamed for the depression. Honestly, I’m not 100% sure Powell (Trump’s guy) will be confirmed to lead the Fed. If not and Biden places his own Fed Head, the spigots will be turned on full throttle.
Unfortunately, all this stuff takes time, and watching days like today so far makes it tough to see the positives that are potentially ahead.
Rates rising this am, USD up a little. We are reacting to rising rates more than anything. As you mentioned, Europe is closed, so let’s see what happens when they get back.