JPMorgan, $JPM: “The Fed is facing a difficult task on Wednesday, but it is likely already past the point of no return – a soft landing now looks unlikely, with the airplane in a tailspin (lack of market confidence) and engines about to turn off (bank lending).”
@unusual_whales Read this
@unusual_whales Nothing like getting overly dramatic when discussing normal healthy business cycles.
@unusual_whales I think Powell is still bullish.
@unusual_whales In other words Jay Pow will deliver a quarter point.
@unusual_whales How will banks manage to pay the interest on the fed loans they’ve just taken to restore liquidity to their balance sheets? If they don’t lend… what? Raise monthly account fees? Just assume the van will be kicked further down the road when those loans have to be paid?