The Fed moved again, as I called it today. Welcome to the next run down of rates. If you've followed or been in the business the last few years you've noted that the Fed creates a wave up and down in its attempts to control the economy. Like most economists they move on past data, that is reacted to in the present, always chasing tail. By the time it is confirmed, its too late.
Watch for that curve to continue downward. If you don't know me, I have almost an perfect record of calling the Fed and its movements, for the last 10 years. We ARE standing on the precipice of one of the worst recessions since the 1980's. You will be looking at rates easily in the 4 percentile.
The slide will stop as low rates converge with the downturn in 2-4 years from now. Pull up a chair.
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