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Jim Rickards: Recession is Coming
TRIGGERnometry
The Fed's Plan to Cut Rates Late in the Year
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The Fed may have to cut rates, not because it's in the playbook, but because unemployment gives up to 7%. The idea of rate cuts following hitting the terminal rate is, well, rate cuts go down so dividends are higher, so buy stocks. That's always the punchline. But they might cut rates late in the year, and we could be in a very severe recession. Disinflation may be deflation.
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