The New CS Board

[jumanji0881]

Is it time to fight the Fed? This veteran strategist says the central bank won’t risk a 20% drop in house prices and a 30% slide in stocks. : https://www.msn.com/en-us/money/markets/is-it-time-to-fight-the-fed-this-veteran-strategist-says-the-central-bank-won-t-risk-a-20-drop-in-house-prices-and-a-30-slide-in-stocks/ar-AASx1kZ?ocid=msedgntp

My Comment : I think the Fed will end tapering once the stock market caves. The Fed will do everything to prevent a recession including more QE which will make inflation and the eventual recession much worse.

Excerpts:
If the Fed were to hike to 1.75% next year, it would mean the possibility of a 20% decline in home values and a 30% slide in equity prices, if there were a mean reversion in price-to-income ratios. Even now, both asset classes are overpriced by 15%, he says.

Cryptocurrency crime reached a record $14 billion last year, according to research company Chainalysis, with scammers taking $7.8 billion and outright theft of $3.2 billion. As a percent of all transactions, however, the company said crypto crime was at a record low, since total volumes jumped 567% but illicit activity rose by 79%.