Countdown to CPI, and a “Big Short” Trader’s Warning for the Market. 8/9/22
CNBC's "Fast Money"
00:00
Is That a Good Thing or a Bad Thing?
Danny moses, of the big short fame, is founder of moses ventures. Moses: The obsession with every print that goes by isn't about what's going on behind the scenes. Earnings are coming down; Lay offs are starting to happen. Fed rates take a while to build themselves into the economy, and it's happening now. And purchasing powers diminishing because the consumer is not keeping up on their wages.
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Transcript
