LMX Air B&B Numbers Screaming Recession

Carter: The only way an individual security is stock or an aggregate of stocks an index can go higher there's only two ways right this is known to all you either have to get earnings growth or you get multiple expansion. Carter: To expand the multiple from here they have to start cutting rates and these are cutting rates they're doing that because something's wrong. He says financial conditions in our looser than they were before the Fed started doing this so on one hand yeah maybe they've been successful on the other hand they really haven't gotten anything done. "I don't think a soft landing can happen on the way to normalized rates reduce balance sheet almost by definition something has to break"