The Fed is not going to stop until something seriously breaks. The peak in the funds rate in every cycle,. is getting lower and lower and lower because of the factors that you cited are one of them, which was the excess of debt. And we have a much more destructive technology to day. Yeta, this has been an orderly onset of the bare market, it becomes really disorderly fed will have to respond. But once again, knowing that there's some non trivial prospect that could happen, do you honorblly participate in that? On the other hand, when he's comparing himself to paul volkar, no matter the fact that we could be steering recession, demand is still too
MacroVoices Erik Townsend and Patrick Ceresna welcome David Rosenberg to the show. In his previous appearance, David expressed serious concerns about the stock market, and was being ridiculed at the time by his perma-bull peers. Seems he was onto something, and he joins us again to give us an update. https://bit.ly/3svCtLo
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