Listener Luke asks: Is it just me, or are markets way off in pricing in rate cuts, more so than normal?

I’m not old enough to have paid much attention to market changes prior to 2014, but it seems that the COVID pandemic was completely unprecedented and the shock waves are unable to be managed as a result.

We have high inflation, strong eco growth, good unemployment numbers, decent real estate and people still have plenty of money to spend (less and less each month however). Is this normal historically?

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