I think the smart money knows that we are not going to get to 3-3.5% in time to cut to 0% and begin QE phase 4 prior to the next recession, which we are likely already in.
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I think the smart money knows that we are not going to get to 3-3.5% in time to cut to 0% and begin QE phase 4 prior to the next recession, which we are likely already in.