Loading ...Completely agree with Orsley and his take on why the Fed HAS to cut. It’s all about the debt.
Gov’t spending in combination with rising rates is a killer for gov’t debt and expenditures.
Rate cut has nothing to do with a weakening economy, Government spending keeps a big part of the economy chugging ahead. That includes companies like mine that do work for the Dept. of Energy and Dept. of Defense.
Rates above zero are unsustainable for US gov’t debt.