MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The Fed's Fallacy in Rate Cuts
When treasury yields get this high, your risk-free rate is so attractive relative to equities. And that's exactly why the Fed will be forced to cut rates dramatically by the end of the year. During the Obama years, we had interest costs of less than 200 billion a year. Now we're going to be at over a trillion a year plus interest on excess reserves.
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