2018/12/28. FRB
No pains, no gain. USA will be great again.
Maybe world economy is entering recession.
So stock prices are falling down.
I don’t know how to stop falling, but “Resilience” is very important keyword.
Resilience is the power of recovery.
In economic world, it is the margin for rate cuts.
USA has the margin for rate cuts about 2.5%.
This 2.5% is very important reserve capacity.
(China has also has the margin for rate cuts about 4.35%…)
(If there is no margin, the world economy ends.
Because asset doesn’t give any profits. It means communism.)
And I feel Janet Yellen, FRB former chairman, is great person.
She did very good work for resilience. This will guide USA to be great again.