What Do You do When Everything Happens All at Once?
Real Vision: Finance & Investing
00:00
The Fed Balance Sheets Going Up, That's All We Need to Know
Banks are falsely making a yield curve by having deposits a half a percent, as opposed to paying four or five percent. Every deposit just goes and gives it to the Fed directly in Treasury Director of Money Market Fund. The next move from the Federal Reserve within two months will be 100 basis point emergency cut. I'm talking into late summer, September or so. We will go into recession. It's very reminiscent of the 1990 savings and loan crisis. So, the banks are going to be under pressure. The only answer is lower rates and more cowbell, which has already started in one way, shape or form.
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