Now that it seems the Fed has officially pivoted, what will lower interest rates mean for the economy and financial markets?
Will they be enough to keep recession at bay and prevent a further rise in unemployment?
What will the trillions of investor capital currently parked in T-bills and money markets go if the yields on those assets go down?
For a true expert's view on these important questions, we have the great fortune to sit down today with one of the greatest living economists, Dr. Lacy Hunt, former Senior Economist to the Federal Reserve Bank of Dallas, as well as several of the world's largest global banks. He now serves as Executive Vice President and Chief Economist of Hoisington Investment Management Company.
We also discuss his views on the economic plans (as understood so far) of both presidential candidates. Punchline: Lacy is not impressed.
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