I think we could go into a series of rate cuts here, starting with a 50bp rate cut in September. If you look at any model, it suggests we should probably be 150-175 bps lower.     -Treasury Secretary Bessent, on Bloomberg TV, 8/13/25 I didn’t tell the Fed what to do.  What I said was that to get to a neutral rate on interest, that that would be approximately a 150-basis-point cut.  I believe that there

The economy was terrible under Biden, but the Fed should not have cut rates last year.  The economy is booming now, but the Fed needs to cut right here right now!  Every journalist needs to put this question to the merry band of misfits currently being floated to run the US central bank.       – Neil Dutta, Renaissance Macro, via Bloomberg, 7/16/25 The answer to Dutta’s question is “Now that even the aforementioned neoliberal and

Change of a long-term or secular nature is usually gradual enough that it is obscured by the noise caused by short-term volatility. By the time secular trends are even acknowledged by the majority, they are generally obvious and mature.  In the early stages of a new secular paradigm, most are conditioned to hear only the short-term noise they have been conditioned to respond to by the prior existing secular condition.  Moreover, in a shift of