Fed

“The Fed has consistently cut rates over the last 16 years to solve problems brought about, to be quite honest, by low rates, and is now stuck in this circle sort of consuming itself and the rest of the economy.”

“There are other things that the Fed and the government can do, and they'll do them all to try to bring the economy back.”

“With that disclaimer out of the way, first of all, nine months ago, a global depression was absolutely a possibility. With the, most of the developed countries Certainly outside of Asia, shutting down their whole economies in order to limit contacts and bend t…”

“A lot of this, like, hey, I can't send a wire past four p.m., that has nothing to do with when you can actually send a wire at the Fed. It's all about when the bank is open for you to send that wire.”

“And you know, if we had been talking at the end of February, early March before Silicon Valley bank, I would have said something to the effect of, I think the fed may have to go to six percent fed funds. Now I think they'll probably stop at five, five and a qu…”

“And that meant that You know, they lost six to nine months probably of tightening, ah, time that could have been spent initiating a more gradual tightening, squeezing out some of the excess which built up, you know, in these late stages of a cycle, you get the…”

“I think our strategy on continuing to buy real estate assets, I've basically put a pause on everything. And we're sitting back and just watching and seeing where the Fed goes with interest rates.”