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Arthur Hayes said that interest rates should not be cut now.
A 50 basis point cut may cause a short-term rebound,
but it will expose deep-seated problems.
The market may rise a little at first,
Arthur Hayes said that interest rates should not be cut now. If they are cut by 50 basis points, the market may rise a little at first,
but it will soon expose the big problems in the financial system, and then prices will continue to fall.
He thinks the US economy is actually not bad, and you can see it by looking at the GDP data.
If interest rates are cut, inflation will be worse. The US government spends a lot of money to make the economy grow faster,
which is good for the election, but it is wrong to cut interest rates when inflation is high.
If they cut interest rates when the market is not good, then there will be big problems.
