5 ms·

Well, apparently the market disagrees. Futures are now pointing to a 100% chance of at least a 25 basis point cut at the next meeting, and the chance of a 50 ba

• deleted 1y ago
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• jfengel 1y ago
  I think the market is being irrational. But you know what they say about that.
  • johnnyanmac 1y ago
    What do they say about that? On one hand, it's beyond clear by now that these numbers are always much more optimistic than usual. We just say June and July revised down to negative 10,000 or so. And even then those jobs are inflated by gig work that can barely make ends meet. On the other hand, I don't think hyper inflation is the solution to the recession we are seemingly heading towards at this rate. Seems like something is going to give. Sadly doesn't seem to be the billionarires being taxed properly./
    • Tadpole9181 1y ago
      > What do they say about that? The market can stay irrational longer than you can stay solvent.
    • mizzao 1y ago
      > What do they say about that? "The market can stay irrational longer than you can stay solvent".