Hedge Fund CIO: "This Administration Will Spend The Next Year Getting As Much Money Into People's Hands As Possible"

By Eric Peters, CIO of One River Asset Management

Lone Star

“A year ago we thought there would be 100 bps of rate cuts, but it turned out to be just 50,” said Lone Star, way out West. “We have had two cuts this year. So, we got there. It took longer because of the tariffs. But we can be patient, we pretty much have permanent capital,” continued one of the best performing US university endowment CIOs. “I’m inclined to think its 50/50 for a December cut. We thought that a recession would be unlikely. And I don’t think we’re close to a point where they’ve exhausted their tools to boost the economy.”