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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
Is It Going to Take a Little Longer Than People Expect?
I have a feeling that it's going to take a little longer than people expect. I think people are under appreciating some of the creative ways that the government has been keeping businesses afloat. If we have 75 basis point rate hike in November, 50 basis points in December, that takes us to 4.3. That would probably do it. And then the economy would be in recession and they could start cutting interest rates in the second half of the year. They could potentially bring them back down to 4.6%, which is what they forecast in their dot plot.
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