MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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The Stock Market Is a Liquidity Junkie
The stock market is a liquidity junkie, it wants an abundance of cheap money. We need things to go bad to get a good return. If we don't get those lower rates because of recession doesn't materialize faster, we could actually see the market struggle. Bloomberg has surveyed stock strategists on Wall Street since 1999 for 24 years. This is the first year the average stock strategist on Wall Street has a decline in the stock market.
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