Earlier this week, at the 2019 Milken Institute Global Conference in Beverly Hills, some of the world's greatest investors and economistsThe world's greatest investors and economists spent much of Milken dispelling 3 key misconceptions. Here's what they said to set the record straight"The data is so overwhelmingly positive in the US that it would be very hard to cut rates at this point," said Ronald O'Hanley, the president and CEO of State Street.
And his colleague Scott Minerd, the global chief investment officer for Guggenheim Investments, agreed. "I think the idea that inflation is dead is more rhetoric than anything," he said."At some point, we'll start to see inflation pick up," and the Fed will have to"act to increase rates again."
Isn’t the same Wall Street thriving today because of these “terrible ideas” by the White House so far? 🤔
Republicans are going to trash the economy again, aren't they? Because of their 'ideology' that doesn't match with reality.