Posted on 03/21/2024 1:25:06 PM PDT by ChicagoConservative27
Bear in mind frank that govt. dependents receive money which does not accurately increase to match the rate of debt increase/treasury issuances. IOW the value of loyalty payments keeps shrinking. Like unpaid soldiers they will eventually be disillusioned and wander off.
The market is up because of THE FED and nothing else. Now this week Powell says that 3 rate cuts are still on the table for 2024.
My prediction is this, there will be a rate cut in June, this will continue to fuel the market. That cut will be irresponsible but will happen because of pressure from the Biden Administration to prop him up. Although there is no longer any correlation to the stock market and real economic activity. Inflation will still be there and real unemployment is much higher than advertised.
So the market will be Juiced through the election to keep the Illusion going. But 2025 will be a totally different story, Inflation will have to fought with a vengeance and that will mean a return to rate increases and there will be several.
My own personal opinion is that right after the election will be time to rebalance my portfolio into Bonds, Agencies, State Bonds, Etc., Treasury Notes are going to be going up then.
It doesn’t matter who win’s the Presidency , same scenario of a very Chaotic 2025 coming up.
Thanks but I hate those Biden supporters a little more today because it’s a new day.
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