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Central banks, including the Fed, are chasing the two-year bond yields like a little puppy dog, and there is still a lot of room to catch up, about 150 basis points. Let the fiat shitshow begin!
But the unemployment rate forecasts have increased. What if they're playing bluff with people. #690197
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The now officially launched cycle of interest rate cuts by the Federal Reserve, flanked by its subordinate central banks in the western hemisphere, could, if everything goes very badly, end in a major fireworks display. This would happen precisely when the BRICS countries, which are clearly forming an energy and resource-strong political bloc, generate pricing power and then encounter a sick fiat money competition that has to keep printing money against its own decline. What this means for inflation in the future, commodity prices and supply chains, we cannot even guess now. Perhaps we don't even want to!
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I think they are now gonna restart the printer.
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