4min chapter

Forward Guidance cover image

Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth

Forward Guidance

CHAPTER

What if Powell Doesn't Pivot?

Private equity is a protected political class in the US economy. Jay Powell has the power to shut it down, or at least radically alter it. The Chinese sold a multifamily high rise in Los Angeles for $500,000 and took a massive loss. For God's sake, don't sell anything. Then they're going to know that there's a value of it. We're going to have price discovery.

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