John E Deaton
John E Deaton|Sep 07, 2025 21:40
If @SecScottBessent is correct and we see a revision of 800K jobs; along with only 22K jobs in August (in a population of 330M people); and an unemployment rate at 4.3% - a four year high; with 500K more sellers than buyers within the housing market, with foreclosures approaching 2008/2009 highs; along with credit card debt at 1.2T, with delinquencies near 2008/2009 highs; combined with 1.7T in student loan debt, also with delinquencies rising near ATH: all point to a 50 basis point cut. The question is will Too Late Powell oblige or let politics get in the way.(John E Deaton)
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