The Federal Reserve is raising interest rates and the higher rates are going to be problematic even more so now than they were back
then because we have a lot more debt. But
I don't think they will succeed in
raising rates as high as they did before. I think the tipping point is going to
come much lower if it hasn't already
come.
I do think
that they're gonna abort these interest rate
hikes much sooner than people think. Potentially they could use the
trade war and it's unexpected negative effect on the
economy as the excuse to do what they
were gonna do anyway, which is to call the whole cycle off and start
cutting interest rates again and going back to
quantitative easing. That's where
we're headed.
