EMA Fund Q1 Report. Fund was up 25.4% in March. full disclosure: last 3 years were dreadful. Change is in the air. Report explains why. drive.google.com/file/d/1Hiaro7…
My favorite paragraph: It seems Powell is going to try to “split the baby” and claim that inflation is under control as justification to cut rates. While we could be wrong, we are beginning to think that Fed Policy does NOT matter anymore. If the Fed doesn’t cut rates, something blows up and then we get a massive rate reduction and the big print. If Powell does cut rates, he keeps the game going but at the cost of higher inflation. The markets have taken away the car keys from the reckless teenager: The Fed.
Thanks for the excellent content contributions by @RonStoeferle @TaviCosta @LukeGromen @LynAldenContact @Myrmikan
@LawrenceLepard @RonStoeferle @LukeGromen @LynAldenContact @Myrmikan Thank you, Larry. Always enjoy reading your work.