MSNBC MSNBC Reports June 4, 2024 15:45:00
It. bond traders who are greenhorns and young people who just experienced bull markets and bonds and stocks for the past 40 years don't have a memory of it. when you see mortgage rates shoot up, when you see the stock market fall and the fed has to keep hiking and hiking and hiking, certainly you're going to sell first and ask questions later. >> there's an economist and this is at the investment bank piper sandler who says that the fed's forecast is an implicit admission that a recession is likely unless something extraordinary happens. do you agree? >> i agree. and the fed is losing credibil...