Navarro. Fomc without with the minutes from the and well comb through the minutes to bring you headlines and analysis. Stay tuned. Were ahead of the tonights Salt Lake City vicepresident ial debate. What will be discussed and what will move the needle . All that and more on making money. Charles man what a difference a tweet makes yesterday a stable market with designs of finishing higher were side swapped by a series of President Trump tweets taking fiscal stimulus off the table until after the election. Last night, well the commanderinchief clarified he would immediately sign off on relief for airlines, Small Businesses and 1200dollar stimulus checks. The market gained more than it lost. I think it is more clear it is not even an issue. This whole stimulus thing can be put on the shelf. Democrats took aim at the gatekeepers of the Digital Economy that they have monopoly power and may need to be broken up. Are the companies victims of their own success especially in the age of covid19
0year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates they are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate any inflation right now, rates are down 75 basis on ts this year, at least the 10year yield. The path
Year, we will be looking at a global recession. We are going to test 1 . Bux a lot of things would have to go incredibly wrong to get to 1 . Most will dropat down to that 160 range. The fed is not going to cut again. If there is any weakness, death jonathan joining me jonathan joining us from chicago, john bianca. At 2020, it looks like the consensus is rates well stay where they are or go lower. Where do you go on that debate . Torates will probably drift lower. That has been the story the last 10 years. We have had no inflation. We are in a record expansion. Cannot generate inflation right now. Rates are down 75 basis points on the 10 year yield. The path of least resistance has been lower. I do not see that changing. We are calling for higher rates this year, not a huge breakout to the upside, but we are looking for two and a quarter stretch. Unlike last year, we are starting at a higher level with the economy slowing down. Now we are starting at a lower level with the economy looki
Looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. And less the market begins to price an additional cuts, the 10 year will drop down to the 160 range. The fed will have to ease again. If there is any sort of weakness in the data, you will see an outside shrouding in bonds. Jonathan joining me, kathy, george, and in chicago, jim. Lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain the way they are or go lower. Where you come down in that debate . Probablyink thats right that rates will drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate inflation right now, rates are down 75 basis points this year based on the 10 year yield. The path of least resistance has been lower and i dont think that will tend going into 2020. Kathy
Still attractive, but not breaking out. 120 by the end of the year. If we get 120 by the end of the 10 year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in from chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain where they are are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expa