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Post by davidsherman on Apr 21, 2023 21:01:41 GMT
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Post by Chahta on Apr 22, 2023 0:55:27 GMT
Good job so far this year on RSIIX and CBLDX.
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Post by bobfl on Apr 22, 2023 11:35:23 GMT
The "lag effect" of Fed rate hikes. The FED will soon hold and wait for these things to start breaking. All this to reduce jobs. Less jobs; less demand; less inflation. Hmm. Higher credit costs for companies; higher prices to achieve the same profit; higher inflation. Or higher credit cost for companies, more bankruptcies; less jobs. ...waiting to see what happens. Used to be, more expensive home mortgages, less home sales, which had a ripple effect throughout the whole economy; now less home sales because of strong demand, less supply. Buyers are getting used to the higher mortgage rates. 6% is nothing compared to 16% I once paid for a home. IMHO
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Post by davidsherman on Apr 22, 2023 20:32:35 GMT
Captain - thanks for your thoughts. In the letter, I state I believe rates will stay higher for longer unless systematic risk. That is consistent with your belief with a Fed Pause eventually. My comment is specific to Mr Market’s forward curve and view. I am a bottom up investor my one should take my macro views with the disclosure that I am no macro man.
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