Going to the five tenets that you were talking about, given the imbalances in the deficit and the debt load and the amount that people are going to have to sell, governments are going to have to sell. Do you think it's appropriate for the Fed to be cutting rates right now. I think I think the picture on cutting rates.It's slightly mixed. So and it has to do with the split in the economy and it has to do with split in capital markets, which means you're trying to look at the economy as a whole. But what you ...

Economic Overview - The current economic landscape presents a mixed picture, characterized by significant liquidity and wealth in certain sectors while others face challenges [2][4] - The disparity in wealth distribution is evident, particularly between the top 1% of income earners and the bottom 60% of the population, leading to different economic conditions and issues [3][4] Monetary Policy Implications - There is skepticism regarding the effectiveness of monetary policy in addressing economic imbalances, with concerns that lowering interest rates may not yield the desired outcomes [5][7] - The artificial lowering of interest rates creates an imbalance, making borrowing attractive while discouraging asset holding, which could exacerbate existing disparities [6][7] Market Dynamics - The economy is described as diverse, with varying conditions across different segments, indicating that a one-size-fits-all approach to monetary policy may not be appropriate [4][7] - The need for discipline in monetary policy is emphasized, suggesting that current approaches may not adequately address the underlying issues in the economy [7]