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FBC Varney Company July 14, 2024

Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. ....

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