With fiscal deficits in the 6-7-8% range and hyperfinancialization keeping the labor market strong (because stocks keep rising), there is no mechanism to slow demand, making it impossible to understand why everyone thinks the economy will weaken enough to justify any rate cuts at all; the risk is on the right tail, not the left.

causalpending

Speaker

Julian Brigden

Evidence Quote

fiscal deficits in the six seven eight% range...why everyone thinks that the economy is going to be so so weak as to prompt any cuts at all...the risk is on the right tail not the left

Source

A Massively, Massively, Massively Overvalued Market-Julian BrigdenReSolve Asset Management
Created: 8/12/2026, 6:17:43 PM

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