3 ms·
> The good news is that what the Fed does matters very little. I cant reconcile this statement with the previous history you've discussed.
by nverno 4y ago
> The good news is that what the Fed does matters very little.
I cant reconcile this statement with the previous history you've discussed.
- huijzer 4y agoI agree that the text above maybe was not so well put, but also I do think there is a point indeed: the Fed cannot strictly control what will happen. What I currently see everywhere still is that the psychology of buyers hasn’t changed yet. Tesla/ASML/Twilio etc are trading at ridiculous P/E ratios, house prices are still high, some people are earning money on selling their second hand electric car to a third buyer for a higher price and everyone knows that basically everything is too expensive. Once people stop looking in the rear view mirror and expect that some things might actually be cheaper next year, then that should help a lot