
MacroVoices #323 David Rosenberg: The Fed Put Has Expired
Macro Voices
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Is the Fed Trying to Copy Paul Volkar's Approach?
The Fed is not going to stop until something seriously breaks. The peak in the funds rate in every cycle,. is getting lower and lower and lower because of the factors that you cited are one of them, which was the excess of debt. And we have a much more destructive technology to day. Yeta, this has been an orderly onset of the bare market, it becomes really disorderly fed will have to respond. But once again, knowing that there's some non trivial prospect that could happen, do you honorblly participate in that? On the other hand, when he's comparing himself to paul volkar, no matter the fact that we could be steering recession, demand is still too
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