The impact of Fed rate cuts is already upon us, with stocks rising and the 30-year mortgage rate dropping from 7% in July to 6.2%. The Fed stole the limelight with its decision in September to lower the benchmark interest rate to a target range between 4.75% and 5.00%. Market watchers on the consensus side …
September Rate Cuts
September rate cuts, the Fed white knight to the rescue, will finally happen starting September 18, which the beaten-down bulls desperately need. A 4% drop will put the Nasdaq back to Nov 2021. Darren Winters points out that Amazon, Tesla, and Alphabet are already back where they were 3 or 4 years ago, and Nvidia …
Beacon Of hope For UK Economy
Is there a beacon of hope for the UK economy? Darren Winters points out that few economies have had to grapple with the challenges of the UK economy over the past decade. Since the 2008 financial crisis and the Great Recession, the UK economy has had at least four consecutive setbacks. For example, the post-2008 …
Central Banks
Welcome to the 21st-century era of central banks. Their product debt has conquered the world, with public debt reaching an unprecedented 97 trillion USD in 2023. As Darren Winters points out, even the most successful corporation does not come close in dollar global market penetration for their products and services. With a global GDP of …