“What are they going to do with the money printing? Where do we go from here?”
Art Cashin: “Well, that’s a big problem. I had predicted for most of the year that the Fed would not do liftoff. When it became apparent that, despite everything, they were going to go ahead with liftoff, I said, ‘There’s a good chance that we will be back at zero before we get to 1 percent.’
I think the global economy could be frail enough that they see they can’t help themselves (and will be forced to lower rates).