“If I make it to 50, it will be a nuclear catastrophe for the financial markets”

So the question is whether they will do 25 basis points or 50 basis points. I, at a high level, believe that they should not raise the quotas. I think the US economy is pretty strong. If you’ve seen the GDP print for the last eight or nine quarters, it’s been a steady growth. The US government continues to spend an insane amount of money, which keeps economic growth at a very rapid pace. And obviously that helps the re-election chances or the election chances of Kamala Harris and her running mate, which I think is the goal of the current Democratic administration. So the Fed cuts rates, when you have massive government spending, you have inflation that’s above their target—I think that’s a mistake. Inflation will accelerate in the fourth quarter if they decide to keep cutting rates. And, I think the answer will be if the markets start to falter, they will do more and make the problem worse.