10/07 Indices, page-52

Just because you say "wrong" it doesn't make it true
That's just your opinion

10 yr bond yields still pricing in rate rises
4.3% got tagged a few days ago
Interest rates still at 4.1%
Where's the so called rate cut we priced in??

The only time markets priced in rate cuts was when the svb banks collapsed in march

Interest rates were at 1-1.5% before the covid crash & markets managed to keep inflation steady at 2% & under for many years (long before the covid crash)
Apparently now we need 20% interest rates to do the same thing because of a few years of mismanagement
We'll discuss this more when we have inflation sitting at 0% & the rba rushing to cut rates again at the end of the year if they keep raising rates

Just because we've had stupid monetary policy from governments, doesn't mean markets remain stupid forever