As the Fed contemplates rate cuts, economic risks increase: “The Fed will go one step too far”
(From Zerohedge)Today, in his latest weekly note, One River Asset Management CIO, Eric Peters – in his traditionally whimsical voice – picks up where BofA’s assessment left off, and reaches a virtually identical conclusion: “the Fed’s going to cut rates when it shouldn’t” which will be “the start of the dollar collapse” and “the start of inflation — that’s what gold and emerging markets are trying to tell us.”
And then it gets worse: “This bubble’s gonna be a big one, not a long one, but a big one…real big,” Peters writes (as usual, in the third person), and concludes “Then the Fed will go one step too far, spreads will blow out, and POP!”
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/06/as-the-fed-contemplates-rate-cuts-economic-risks-increase-the-fed-will-go-one-step-too-far/
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