100 Basis Points?

What is the market's response to the Federal Reserve's forward guidance on interest rates?

• The market has already adjusted to the anticipated changes.

• The market is confused and uncertain.

• The market is ignoring the guidance.

• The market is overly optimistic about growth.

What makes it challenging to predict the path of the bond and treasury markets?

• Predictable growth patterns.

• Stable inflation rates.

• Consistent government policies.

• High volatility and uncertainty.

What is the expected nature of a potential recession according to the discussion?

• A severe and prolonged downturn.

• A rapid economic recovery.

• A mild and manageable recession.

• An unprecedented economic collapse.

How might the housing market contribute to economic stability during a recession?

• By being undersupplied and driving economic activity.

• By increasing mortgage rates.

• By reducing construction activities.

• By decreasing demand for new homes.

What could be a positive outcome if the conflict in Ukraine ends abruptly?

• Increased energy prices.

• Normalization of gas prices.

• Higher inflation rates.

• Decreased food supplies.

What is the estimated impact on GDP if Russia cuts off gas to Europe?

• A 5% increase.

• A 1% increase.

• A 3% decrease.

• No impact.

What are some potential offsets to the impact of Russian gas supply cuts?

• Accelerated shift to renewables.

• Increased reliance on coal.

• Decreased energy consumption.

• Increased oil imports.