PLEASE PLEASE PLEASE.

Just amazing. What a talent. Underestimate her at your own risk

!bharatiya

1 million Americans out of the labor force while Joe Biden brings in record breaking levels of immigration https://t.co/xCbG7jUBZ7

— Ryan James Girdusky (@RyanGirdusky) April 5, 2024

Confirmation bias is a helluva drug.

While everyone who has a clue about financial markets already has it figured out that rates are definitely going to rise a miniscule amount (I posted about shorting treasury notes more than a fortnight ago https://rdrama.net/h/meta/post/254970/fed-keeps-rates-unchanged-short-treasury ) it is never going to reach those cataclysmic 8% heights Dimon is predicting.

As always he's hyping himself up to be the only pundit in Wall Street who gets it correct so when rates rise he can wag his little scraggly fingers and boast how correct he was.

3 rate cuts so fast would have never worked out. Even more so as OPEC and especially Russian Oil output falls and shipping takes a hit (I posted about shipping problems too https://rdrama.net/post/256268/how-to-select-shipping-corporation-stocks).

Now all cozy sentiments of 2 rate cuts have vaporizer and the words rate hikes are back again in hushed tones in offices all throughout the country.

While the political expediency of an election year might let the Fed to postpone rate hikes or cuts and maintain a strict path of neutral rate stability for the rest of the year, make no mistake, rates are definitely going to go up from December.

If you have any debt, accelerate the prepayment. Do not wait for rate cuts with the rosy dream of refinancing. That's not happening.

You heard it here free of cost first. You'll hear it last. Bankers, especially the wily ones are definitely going to sell you on taking on more debt and how adjustable rates are your friends. They are not.

The future is female