Q&A #160
Is record corporate and government debt threatening to outstrip demand and therefore ready to drive yields significantly higher? Why is everyone always convinced interest rates have nowhere to go but up? Is the Fed holding rates higher than everyone else in order to help keep Treasuries bid? When is unemployment going to finally turn? Would that trigger then next big drop in US$ rates? What do we make of President Trump’s criticism of Powell? Is this more negotiating? Is there actually a Mar-a-lago Accord? Was there something to it? Can anyone predict stocks? What about paying Americans out of tariff funds? Why do very smart people seem unable to grasp fundamental concepts like interest rates? Is there something wrong with Economics itself? Was Aristotle an idiot?
