Cutting the Rate is the Absolutely WRONG Thing to do; Which, is Why They Will Do It.

I’ve pretty much resigned myself to a rate cut from the Fed tomorrow.
But, it is the wrong thing to do for the economy. Yes, I know the bond market wants it, the stock market wants it and just about everyone out there is clamoring for it.
But…
Lower rates will

push the dollar further down
drive foreign investors OUT [...]

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