Three Fed Rate Cuts in 2019? Let's Take a Deep Breath

Stock market is -5% from ATHs....
Unemployment below 4%....
Interest rates still near record lows....

Rate cuts in 2019?

https://www.cnbc.com/2019/05/14/feds...-rate-cut.html

Now, so fast u-turned?

It's simply mind-numbing that left wing CNNBozoberg "news" actually printed this article. Three rate cuts? Seriously, any one with a 3rd grade education couldn't possibly believe this.You have to give them an A for effort for trying to paint the President and the administration in a bad light. You know, because 3 rate cutes = Trump big bad meany ruining America, and yet small businesses, the lifeblood of our economy, are more and more upbeat every month.

My bad it's BNNdoomsdayberg news.

They will hammer out a deal by the end of the year. Market will make all time highs. Election cycle will start and then we get to watch all the lefty bozos vying for the nomination only to be humiliated every time they open their mouth.

First sentence of the article shows the flaw in this thinking.

"President Donald Trump’s trade war with China is heating up, prompting TRADERS to start betting on as many as three Federal Reserve interest rate cuts totaling 75 basis points this year."

No, it isn't prompting TRADERS, it's prompting BANKS to skew the bond market. So the inversion curve is not predictive of a recessionary trend as it has been in the past. Yea, remember the BANKS in the last crash. You know, the ones that were perpetually wrong in everything they did with NO RISK to their financial well being (bail out bums). Yea, those guys.