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Jim Werther
CNBC Television
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Comments by "Jim Werther" (@jimwerther) on "The market sell-off will end up looking like a growth scare, says Fundstrat's Tom Lee" video.
There's a reason the Fed didn't rush to cut rates. Everyone's jumping on them today for being reactionary instead of anticipatory, but Jay Powell has been clear all along that persistent high inflation - or bounceback inflation - is his #1 bugaboo, more than a limited downturn. As such, I strongly doubt he will rush to drop rates by 500 basis points over the next six or eight months.
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Go away, bots.
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Yup. I have gotten absolutely crushed since mid-Feb 2021. Their ineptitude in foreign policy then made things worse with Russia's avoidable invasion of Ukraine. They are awful.
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@Seegie16 Supply chain? Just stop. Covid supply chain problems went the way of the dodo bird long ago.
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@Seegie16 Supply chain issues?? That has not been a serious issue in years. This is Biden's economy.
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Scram, bots!
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Good eye! I missed that.
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What does "growth scare" mean?
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