>>20231268Master conductor J. Powell assured every zombie corporation (and every other corporation as well) another round of debt gorging... I mean financing at more than "accommodating" rates as the 10y yield could very likely move towards 3.75% or even below on its own in the near term.
It will be yet another round in which every recessionary tendency is being pre-bailed.
>free market rates being pushed down by investors; everybody gorging on undeservingly cheap debt againthat kills the recessionary tendency
>oil being given away for free below $80 because of fears of le economic downturnthat kills the recessionary tendency
>stock market rising on picfuckingrelated topkek lmao wtf clownworld giving the consumer a false sense of prosperity, leading them to spend more frivolously what they already don't have (just go into more debt)that kills the recessionary tendency, as well.
J. Powell is a freaking mastermind. He just needs to talk, yet sit on his hands while everybody else does the work for him.
Borderline magical.
