The main reason we need much lower interest rates in America is because the economy is getting smacked with multiple deflationary forces.Artificial intelligence is empowering companies to drive more profits with fewer employees. This is deflationary.Robotics is squeezing inefficiency out of companies, factories, traffic, and warehouses. This is deflationary.Deportations are reducing the number of people available for certain jobs, while driving down demand for homes, food, and gas. This is deflationary.If y ...

Tariffs and artificial intelligence are deflationary forces that have forced the Fed to capitulate.They must cut rates today.50 basis points is the signal the market needs to know they are serious. ...