'The Next Bankruptcy Wave is Just Starting'
Stansberry Investor Hour
The Fed's Expectations for Consumer Spending
The terminal rate when all this is going to be complete, as you just discussed, is above 5% now. We can just sort of look at what conditions are now and flap our jaws about it, I guess. My sense is that Jerome Powell will tough it out a little bit more before he gives in. He'll sort of let the pain get really bad before pivoting.
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