Will the Fed continue to hike interest rates? Perhaps they should, seeing how the market doesn’t seem to care. Sure, there are millions of people who will be affected by a higher floating rate, from homes to cars to student loans — but those are poor/middle class people, chaff, the proverbial chum in the bucket. They aren’t really worth anything, both metaphorically and figuratively, especially with drones taking their place on the battlefield. Once we can figure out how to win elections without their help, then the country can finally rid themselves of this ‘working class.’
That would be AFTER we can figure out how to build stuff without them. Hitherto, we need them to construct our monuments. Then again, there are millions of young Mexicans and Africans who’d gladly do your job for a fraction of the expense.
So many ways to win. Are you tired of winning yey?
Grandma Yellen testifies in front of the House Financial Services Committee this Wednesday — a grande nothingburger. But Cashin is alerted!
It’s a strong day for basic materials and tech. Retail is getting hammered and everything else is milquetoasty.
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FED will always do what is best for insiders at the expense of everybody else.
If you ascribe to the-fed-is-nice angle,
They have to keep the stock market rising at overbloated levels while raising rates, Keep national debt interest payments sustainable while raising rates, #3 probably something with inflation, dollar, etc, Avoiding the growing pocket-bubbles of autoloan, student debt, housing, recession
#bulls were pawns
always great to hear from the great marinator.
From the start of clip, it seems as though Cashin is struggling with his eye contact
because of the hot chick… a stiffy on tv would be a tad embarassing
Yellen is goner come February 3, 2018. The hikes end then, the balance sheet clearing will continue.