Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business
The Walker Webcast
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The Fed's Stupidity in Cutting Rates
The forward curve, which as you and I both know had projected six weeks ago, a 413 bed funds rate by the end of the year has now reverted completely back after reading the minutes of the last Fed meeting. What leads you to believe that they're all of a sudden going to figure out the wrongs of their policy and turn around and start cutting in a month or two? "It's a bizarre, bizarre approach to the world," he says.
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