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by giantg2
848 days ago
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"I mostly agree the market has entirely unrealistic expectations of rates going lower. I think the cause is structural due to the tight employment market which is not going to change any time soon." They expect it to go lower because they got used to it over the past decade or so, and the Fed has said they are expecting a rate drop. It's not unrealistic if the people who make up the rates say it will happen. Of course that doesn't make the decison to do so reasonable. |
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