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rip that Band-Aid off, because if we don't rip the Band-Aid off now,

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Hello, everyone. Welcome to this edition of Finance You. I am your host, Chris Martinson, and it is, looks like, December 18th, 2024. Lots to discuss today. We are going to be discussing Fed rate cuts. What is going on with China? You look at their tenure. Something has happened. We're going to get Paul's reaction to that mine. And then our treasury is headed to 6% this isn't some crazy guy in the

internet this is the head of fixed income for T row price saying that what

happens what does that world look like but first we're gonna have to process the

Fed rate cut and more importantly their forward guidance which seems to have

tanked the markets for the moment while Wall Street's busy throwing a

his he fit that's how I see it. Paul,

you have more delicate language. Of course, I know, for all of these things. Good to see you again.

I wish I had a little bit more delicate language for that. Um, uh, uh, who show is what I would

start out with. It's a three-year-old in the checkout line. That's Wall Street today, right? Oh, my goodness. You know, I had to process that for just a second to make sure I said the right thing. Yeah. Yeah. Well, as everybody can see, I have a new backdrop now. And this isn't green screen. That's an actual picture, but that's how you know it's finance you these days. So, Paul, let me start here with, this is what we're going to be discussing today. This just happened just minutes before we came on to start recording this, Fed cuts a quarter point. But they're scaling back their 2025 outlook. So before we talk about that, I'd like to look at the dot plot the context for

this for me is that if you don't pay attention to the stupid government inflation core cpi

super core the Krugman core I guess that would be one beyond supercore I don't know anyway

forget that this is um u.s inflation index from trueflation. They're just

measuring prices. Would you look at this? Let me get my little dotty-pointery thing out here. From

...