The Bottom Is Likely In | Mark Dow
Market Depth
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The Five % Reference for Risk Free Rates in Two Thousand
Markets have been overbought for a few days, and that's why they're stressing now. It might be demographics or it could be just that normal minsky function. The nature of man is to take risks when you see your neighbor getting wealthy. And then pretty soon everybody's doing it. That's kind of how this thing plays out. We don't know where neutral is. No one knows whereneutral is. Let's get to something that might approximate neutral, and we'll feel our way through from there. If eventually we have to cut rates a little, then we will. If we have to raise them a little, than we will. But let's just get there
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