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Reply to "“Big Short” guy sells all his stocks "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All the right wing nuts are sad because the economy is improving and inflation is mitigating.[/quote] Not endorsing the source in the link but I don't think it's all roses and sunshine. The labor market is still very tight and I don't think inflation is going to recede as quickly as the markets think it will nor do I think the fed is going to be cutting rates early next year, both of which seem to be priced into the market.[/quote] Couldn't disagree more about a future rate cut being priced into the market. It's accepted wisdom now that rates are on their way up for a while to come. Not sure why a "tight labor market" is being spun as a negative thing - low unemployment is good. A correction on Wall Street that doesn't decimate Main Street is fine by me.[/quote]
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