Quick, hide the kids under the bed, or better yet, the closet. Fed’s George is out making a speech today, where she said this, in regard to the idea of hiking interest rates in March: “It absolutely should be on the table for consideration.”
Trust me when I tell you, the market hasn’t come to grips with this possibility.
She wants to move sooner rather than later, faster rather than slower. For the love of God, Esther George from the Federal Reserve of Kansas City (lolz), wants to destroy your common stock portfolio through the premature hiking of interest rates.
According to the alcoholic gamblers at the CME, the market thinks the chances of the Fed hike in March is just 10%.
If done, markets are going to reel lower, heavy kick to the chest into a sea filled with hungry sharks style.
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