Rowan questions Fed rate cuts given wide-open markets, record equity highs, and rising real estate.
“The notion that we would cut rates. Financial markets are wide open. Equities are at all time high. Financing is available. Real estate prices are going up”
Rowan criticizes Fed rate cuts as expensive insurance when financial markets are wide open and equities at all-time highs.
“What's expensive about it. The notion that we would cut rates. Financial markets are wide open. Equities are at all time high. Financing is available.”