‘Pent-Up Exuberance’

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Is Bostic on to something? We think the Atlanta Fed president is right to warn about “pent-up exuberance,” the business community’s readiness to pounce on opportunities en masse the minute interest rates drop. Demand then could surge, triggering resurgent inflation. The Fed should be wary of tripping that wire by lowering interest rates too soon. … Yet Fed Chair Powell sounded ready to ease soon last Thursday. We don’t think the recession threat (of keeping rates higher for longer) is as worrisome as the pent-up exuberance threat (of easing too soon). … Our Roaring 2020s scenario is right on track. Fingers crossed the Fed doesn’t mess with success.

[@doctorgonzo5358]

Listening to this man has become a weekly routine. Great work, keep it up!

[@johnyjsl9219]

thanks Ed. I continue to listen to you and improve my understanding of economics.

[@Lights_Darks]

Thanks, Ed! Always appreciate your thoughts. Have a good weekend.

[@4frmhat]

Heard a podcast on Investing Experts where the gentleman stated the next 10 year will return an average of negative 5%. Also the market will be 40% lower than today.. Finally he compared today's valuation to 1929. Very interesting view. He was also about to launch a paid news letter. Wouldn't have been the way I would have pitched it.

[@jaym9846]

I feel the Exuberance each time I go grocery shopping.

[@smithbrady6173]

Thanks Ed . Nice to hear your views .

[@Mark-tm2zu]

I agree with you Ed that Fed will hold tight. I am thinking July at the earliest and then maybe Dec., post election. Inflation is leaning toward 3%, not 2%, why put more liquidity in the market. Key next week in BOJ. They may finally get off of negative rates. Read your book on Yield Curves. It was very good.

[@MarkJensen-se8nn]

*34:59* ............. likewise. _this time around, i also found myself staying until the end._ Regards -

[@MJLU280]

Love reading your research Dr Ed the extreme bull bear ratio is concerning. “too many bulls” as you say.

[@pawelkorbel9443]

Thanks you, Ed. 😀

[@Long_Tail_of_Finance]

Ed, your Being There reference was appreciated, but probably went over the Millennial / GenZ heads

[@AD-gd1pc]

I agree that rates do not need to be lowered just because inflation has come down. But perhaps rate needs to be reduced to make it easy for banks to lend?

[@GM4ThePeople]

"Ed Yardeni" is an anagram for "Nerdy Idea". Thanks for your streams, research & thoughts! o/

[@stablegenious]

evonomy is fine but small - med size businesses are not expanding and some are struggling from high rates

[@nonexistent5030]

They already announced BTFP and ended it. Didnt like the arbitrage opportunity it provided.

[@tmangeles7575]

Here to see Max turn up his nose and leave amid the Market Update. Good boy, Max!

[@FOREX-MARKET07]

gg