It bothers me how sensitive asset prices are right now to rate cut decisions

It's more power than a single committee (or msig) should have over the economy, and in the long run it's also unsustainable

So I worry we're just kicking the can down the road without any clear plan on how to fix this

Posing the counter

Taking the bot trading that moves markets out of it. Shouldn’t long-term assets be valued in relation to how attractive yields are in US issued bonds?

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This isn't a statement on how asset prices should move, it's a statement on *who* gets to control that

I don't like how centralized the decision making here is. It was okay when the decision had less impact, but those days are gone